Consultation response: Response to the Commission on Funding of Care and Support [Dilnot Enquiry]

Document description

The pricing of long term care insurance products presents the same issues as pricing other insurance products and the members of the Actuarial Profession are used to adddressing these issues. If insuance products are a part of the longer term funding of future care needs then the pricing of such products can be developed. The development of a viable insurance market however depends critically on the design of products, the attractiveness to potential policyholders, the sales and marketing effort and the interaction with state provision.