Applying Decision Science to understanding claims risks and management of interventions

Market:  

United States

Product:  

Long term care wellness management

Webinar duration:

43 mins

Description

Almost every LTCI Carrier is actively investing in wellness and age-at-home initiatives - however, are these targeted at the right population and actually working? This is a multi-billion dollar issue for the industry - can we really afford to not be scientific in our approach?

Fundamentally, creating impactful and effective pre-claims interventions comes down to better understanding the profiles of your policyholders, and using these profiles to predict behaviors to ensure that the right intervention is targeted - this is where decision science can help.

Key Points

  • The current situation for LTCI carriers in relation to pre-claim wellness management
  • Benefits of LTCI wellness management for both policyholders and carriers
  • The impacts of micro-social determinants in addition to medical determinants
  • How insurers can organize their data to build effective claims propensity models


Speakers

Speaker headshot

Klaas Stijnen

Chief Product Officer
Montoux
Speaker headshot

Vince Bodnar

Partner
Oliver Wyman

Montoux's approach to LTCI wellness management‍

Make data driven long term care insurance (LTCI) wellness decisions to generate value for your customers and stakeholders.