EUROPEAN PAPERS ON THE NEW WELFARE

Long Term Care Underwriting and Claims Assessment Protocols — The Uk Experience

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This part of our publication presents texts which are not original. They are motivated and written under various contexts: they provide an insight on the fact that the lenghtening of the life cycle is of greater and greater concern and interest in many different directions. The counter-ageing society is an issue which needs to be perceived on the basis of a true, practical as well as theoretical, multidisciplinary approach. On the basis of this larger vision, the work, activity and research of any specialist can be better appreciated and given value within the framework of a global background of reference.

Abstract

This article takes a critical look at some weaknesses in Long Term Care (LTC) underwriting and claims protocols that developed in the UK market against a backdrop of a collapsing demand for pre-funded LTC products. Although these products have all but disappeared from the UK market, important lessons can be learned to help new entrants deal more effectively with risk management of any second generation LTC products.
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