Abstract
As part of the Own Risk and Solvency Assessment (ORSA), health insurance companies using the standard formula are required to assess the appropriateness of this formula for among others the medical inflation risk covered within the Health SCR module. However, for some companies, the medical index does not seem to reflect the real evolution of their own medical expenses. Therefore, we choose as topic of our first FAQctuary, the medical index in which we will attempt to answer this following question : – How to combine market and internal medical indexes in ORSA ?
Sector: Insurance
Expertise: Health Insurance
Authors: Candy Mahirwe,
Audrey Meganck,
Michel Denuit and Julien Trufin
Publisher: Detralytics
Date: January 2020
Language: English
Pages: 15
Reference : FAQctuary 2020-1
About the authors
Candy Mahirwe
Candy is an Expert at Detralytics. During her various missions, Candy has worked on IAS19 valuation of pension plans in a consultancy firm; on the creation of an internal note about the analysis of spreads on loans of an insurance company; and as a life product manager in the actuarial department of an insurance company. Prior to joining Detralytics, Candy worked as an intern at AG Insurance.
Audrey Meganck
Audrey is CEO and Senior Expert at Detralytics Belgium. She oversees all operations of Detralytics’ four key components (Interim, Consulting, Training & R&D).
Prior to joining Detralytics, Audrey was Head of the Actuarial & Reporting Department at Belfius Insurance, where she was in charge of pricing & competitivity analyses for all Non-Life Retail products as well as claims & financial actuarial tasks such as the valuation of non-life technical components in the different frameworks (SII, IFRS 4/17, BeGAAP, among other things).
Michel Denuit
Michel is an Honorary Scientific Advisor at Detralytics, as well as a professor in actuarial science at the Université Catholique de Louvain. He has international experience as a visiting professor, and has promoted many projects in collaboration with the industry. At Detralytics, Michel coaches young talents, provides cutting-edge training, fosters innovation and oversees R&D projects.
Julien Trufin
Julien is a Scientific Advisor at Detralytics, as well as a professor in Actuarial Science at the department of mathematics of the Université Libre de Bruxelles. Julien has experience as a consultant and a strong academic background developed at prominent institutions, including Université Laval (Canada), UCL, and ULB (Belgium). At Detralytics, Julien coaches young talents, provide cutting-edge training, fosters innovation and oversees R&D projects.
