Looking for some help here.
I am currently working in a product development and pricing role in the Middle East. The regulator over here wants health insurance to incorporate age banding into our premium calculations, similar to individual products offered in the ACA exchanges. Could anyone provide some information or point in the right direction as to how age bands are developed and/or factored into pricing. The director of Product Development wants to incorporate the age bands into the current GLM used to price our health offerings.
Thanks in advance.
I am currently working in a product development and pricing role in the Middle East. The regulator over here wants health insurance to incorporate age banding into our premium calculations, similar to individual products offered in the ACA exchanges. Could anyone provide some information or point in the right direction as to how age bands are developed and/or factored into pricing. The director of Product Development wants to incorporate the age bands into the current GLM used to price our health offerings.
Thanks in advance.
Age Banding in Pricing