As employers seek to attract talented employees, many offer “voluntary benefits” like supplemental insurance—additional insurance that would cover certain medical events. But as this insurance sector continues to grow, employers and insurers need to stay updated on the risks.
In the full article from The Actuary, read expert Mike Prendes’s advice on how to determine the risk associated with covering accidents, cancer treatments and other specific illnesses. Learn why “anti-selection risk” poses a specific challenge. And find out how the increasingly digital nature of insurance may affect the frequency of claims in the future.