Long Term Care Insurance Actuarial Model
DOI:
https://doi.org/10.46661/revmetodoscuanteconempresa.2114Keywords:
Dependencia, matemática actuarial, seguros, long term care, actuarial mathematics, insuranceAbstract
Spain has followed the trend of other countries about long term care, that is, people who need help to perform the basic tasks of daily living. In December 2006, Spanish Parliament approved the law called Ley de Promoción de la Autonomía Personal y Atención a las personas en situación de Dependencia, with public financing. This law is not producing the expected results, and it makes necessary the existence of private insurance. Currently, there are few studies on long term care in our country. An approach to premiums of a private insurance can serve as reference for the studies by insurers. This work tries to study a series of questions responding simultaneously to two goals, establishing an actuarial model and, on the other hand, computing private insurance premiums.
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