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Monday, August 2 • 10:45am - 12:15pm
1D2 Financial Impact of Health Promotion Medical Insurance on Economic Solvency Ratio

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Yoshihiko Suzawa, Kyoto Sangyo University; Takashi Tanaka, JMDC INC.; Katsuhiko Nagai, JMDC Inc.

The expansion of available health-related data enables insurers to provide a new insurance product called health promotion medical insurance that utilizes a risk evaluation index, such as health checkup results or walking distance. An insurer monitors a health indicator that is constructed from health checkup indices and offers a premium discount to an insured who accomplishes the designated level of that indicator. This mechanism is expected to provide an incentive for insured persons to be healthy and decrease insurance claims. This study aims to test whether the provision of health promotion medical insurance would fulfill this expectation and enforce the solvency of an insurer. We conduct a Monte Carlo simulation based on the economic solvency ratio by utilizing data from Japanese corporate medical insurance. From the analytical results, we observe that providing this insurance is to improve the solvency regardless of targeted age or gender categories of those insured and allow the insurer to offer premiums discounts or a bonus return with a sufficient amount to give an incentive to maintain an appropriate indicator level. The results also imply that active underwriting of this insurance will facilitate the sustainable health care system of society.


Joerg Schiller

University of Hohenheim


Yoshihiko Suzawa

Professor, Kyoto Sangyo University

Monday August 2, 2021 10:45am - 12:15pm EDT