The Long-Term Care Insurance Market

Denis Kessler ()
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Denis Kessler: Immeuble SCOR

The Geneva Papers on Risk and Insurance - Issues and Practice, 2008, vol. 33, issue 1, No 4, 33-40

Abstract: Abstract This paper focuses on the existence of an insurance market for long-term care. There are three major risks for insurers that provide long-term care insurance: risk of escalating costs, risk of adverse selection and risk of moral hazard. Despite these risks, the long-term care insurance is a potentially expanding market for insurance companies able to innovate and design products tailored to this very specific demand.

Keywords: long-term care insurance; escalating costs; adverse selection; moral hazard: France and the United States; old age (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (2)

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DOI: 10.1057/palgrave.gpp.2510164

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