ICA 2010 ABSTRACTS, PAPERS AND PRESENTATIONS
Use this search function to find authors, abstracts, papers and presentations. Currently
you can search by author, reference number and track, and a session search layer will be
added when the session titles are finalised. Records will only be available for viewing
if the author/presenter has submitted a draft paper or draft presentation outline.
When final papers are submitted they will also be available here, as well as the
PowerPoints given at the congress.
If you are an author and you would like amendments made to your record, please email
the Programme Secretariat here,
and note your reference number.
Use the selection boxes below to search through the papers and presentations.
The Link Between Disability Experience and Economic Conditions in South Africa
| Ref No |
Author |
Co-authors |
Country |
Track |
| 2 |
Karl Schriek |
Paul Lewis |
South Africa |
Health (IAAHS) |
| Date |
Time |
Session |
Room |
|
| Wednesday, 10 March |
10h45 |
Economic issues affecting disability |
Meeting Room 2.4A |
|
Abstract
The purpose of this paper is to discuss whether there is a meaningful and measurable link between the claims incidence of South African disability business (group and individual, lump-sum and income) and the state of the economy.
The experience of most South African disability business in the past decade has been good. As a result of this benefits have increased, risk management tools have been weakened, and risk and office rates have been reduced. However, it is not clear how much of this experience is due to the strong and sustained economic growth. Consequently, insurers are not in a good position to quantify when, and by how much, they should change their risk rates and reserving bases should the economic conditions weaken.
This paper begins by looking at the theoretical link between disability experience and economic growth. It then presents the results of the analysis of South Africa disability experience over the past 15 years and attempts to quantify by how much disability experience will worsen should the economy suffer a major slowdown.
Keywords
South African disability business, economic growth, experience of disability business.
|
|
