IDEAS home Printed from https://ideas.repec.org/p/aiz/louvar/2022019.html
   My bibliography  Save this paper

Semi-markov modeling for cancer insurance

Author

Listed:
  • Soetewey, Antoine

    (Université catholique de Louvain, LIDAM/ISBA, Belgium)

  • Legrand, Catherine

    (Université catholique de Louvain, LIDAM/ISBA, Belgium)

  • Denuit, Michel

    (Université catholique de Louvain, LIDAM/ISBA, Belgium)

  • Silversmit, Geert

Abstract

Advancements in medicine and biostatistics have already resulted in a better access to insurance for people diagnosed with cancer. This materializes into the “right to be forgotten” adopted in several EU member states, granting access to insurance after a waiting period of at most 10 years starting at the end of the successful therapeutic protocol. This paper concentrates on insurance covers on a market where such a right has been implemented. Stand-alone products are considered, as well as guarantees included as a rider in an existing package. The cost of offering standard premium rates to all applicants in mortgage insurance related to property loans is also evaluated. The 3-state (healthy–ill–dead) Semi-Markov hierarchical model developed in Denuit et al. [4] for long-term care insurance is adopted here for actuarial calculations. Semi-Markov transition intensities are estimated from cancer cases recorded by the Belgian Cancer Registry. The obtained results suggest that a new offer could develop, targeting the particular needs of cancer patients.

Suggested Citation

  • Soetewey, Antoine & Legrand, Catherine & Denuit, Michel & Silversmit, Geert, 2022. "Semi-markov modeling for cancer insurance," LIDAM Reprints ISBA 2022019, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    • Handle: RePEc:aiz:louvar:2022019
    DOI: https://doi.org/10.1007/s13385-022-00308-2
    Note: In: European Actuarial Journal, 2022
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Soetewey, Antoine & Legrand, Catherine & Denuit, Michel & Silversmit, Geert, 2023. "Right to be forgotten for mortgage insurance issued to cancer survivors: critical assessment and new proposal," LIDAM Discussion Papers ISBA 2023035, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    2. Soetewey, Antoine & Legrand, Catherine & Denuit, Michel & Silversmit, Geert, 2023. "Health indices for disease incidence and duration in the Semi-Markov setting," LIDAM Discussion Papers ISBA 2023013, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aiz:louvar:2022019. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nadja Peiffer (email available below). General contact details of provider: https://edirc.repec.org/data/isuclbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.