What is Morbidity Risk?
Morbidity Risk The risk of policyholders experiencing illness, injury, or disability at rates higher than assumed in pricing and reserving, affecting health and disability insurance liabilities.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Morbidity Risk” Used in Practice?
Actuaries must carefully assess morbidity risk to ensure that health insurance premiums are sufficient to cover expected claims costs.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Morbidity Risk?
The risk of policyholders experiencing illness, injury, or disability at rates higher than assumed in pricing and reserving, affecting health and disability insurance liabilities.
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