The Risks of Pricing New Insurance Products: The Case of Long-Term Care

Zain Mohey-Deen and Richard Rosen

Chicago Fed Letter, 2018, No 397

Abstract: This article examines what happens when incorrect assumptions are made in pricing new insurance products. The focus is on the mispricing of long-term care (LTC) insurance?which led to the insolvency of Penn Treaty.1

Keywords: Insurance; long-term care (search for similar items in EconPapers)
Date: 2018
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DOI: 10.21033/cfl-2018-397

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