Morbidity risk

Discussion in 'SP1' started by Strat_Lask, Oct 14, 2010.

  1. Strat_Lask

    Strat_Lask Member

    Hi there

    I'm not too sure what is meant by the sentence "there are actuarial difficulties with the methodology used to measure morbidity risk" on page 6 in chapter 1 on IP. Could you please explain what "difficulties" in the "methodology" are encountered?

    Thank you ever so much.

    Kind regards
     
    Strat_Lask, Oct 14, 2010
    #1
  2. Mark Willder

    Mark Willder ActEd Tutor Staff Member

    You will see more on monitoring morbidity risk in later chapters. Chapters 23 to 25 cover risk and Chapter 28 covers monitoring.

    For example, Chapter 23 page 6 discusses problems with model, parameter and random fluctuation errors. Chapter 24 page 13 looks at income protection models in particular. Chapter 28 page 5 looks at the importance of obtaining credible data.

    Best wishes

    Mark
     
    Mark Willder, Oct 15, 2010
    #2
  3. Strat_Lask

    Strat_Lask Member

    Thanks ever so much.
     
    Strat_Lask, Oct 20, 2010
    #3

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