Think Tank - The Geneva Association: The Long-Term Care Insurance Market
Source: Asia Insurance Review | Sep 2008
In this article extracted from the Geneva Papers, Mr Denis Kessler of SCOR discusses the 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.
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