Tid: 8 maj 2001 kl 1715-

Plats : Trygg-Hansa, Fleminggatan 18. Karta

Samarrangemang mellan Svenska Aktuarieföreningen och Avd. Matematisk statistik, KTH.

Speaker: Professor Angus Macdonald, Heriot-Watt University.

Title: Genetics, Insurance and Mathematical Models.

Invitation in PDF-format


Since the development of genetic tests for late-onset disorders, there has been much discussion about the rights and wrongs of using test results for insurance underwriting. The debate has been philosophical, sometimes heated, often very emotional but rarely quantitative: what is the cost of genetic test information? We may ask what is the cost to individuals, in terms of increased premiums, if insurers do have access to genetic test results; or what is the cost to all insured persons, in terms of losses from adverse selection, if insurers do not use genetic test results. There are some important differences between insurance practice in the U.K. and Sweden that are relevant, especially the U.K. practice of writing protection business on a non-participating basis with keen competition on price. We will describe some simple actuarial models that address these questions, with examples drawn from life insurance and critical illness insurance. The conclusion will be that genetic test information will only pose problems in a few, limited areas, and even there the costs of adverse selection may often (but perhaps not always) be small, so that a variety of regulatory approaches may be feasible. Reports in the media about the creation of large "genetic underclasses" are unfounded.

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Mötet inleds med Aktuarieföreningens sedvanliga Meddelanden.

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