The Long-Term Care Insurance Market

Denis Kessler ()
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Denis Kessler: Immeuble SCOR, 1, Avenue Général de Gaulle, 92074 Paris La Défense Cedex, France.

The Geneva Papers on Risk and Insurance - Issues and Practice, 2008, vol. 33, issue 1, 33-40

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. The Geneva Papers (2008) 33, 33–40. doi:10.1057/palgrave.gpp.2510164

Date: 2008
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