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- Source :
- Actuary; Jun2024, p44-45, 2p
- Publication Year :
- 2024
-
Abstract
- The article discusses the growing use of technology in the field of mental health and the role of actuaries in shaping mental health tech and its impact on insurance. Actuaries, known for their expertise in risk assessment, are recognizing the importance of mental health conditions in assessing overall wellbeing. The global market for mental health tech is expanding, with developed countries adopting digital solutions more readily. While there are challenges such as limited insurance coverage for online therapy platforms and regulatory ambiguities, there are opportunities for innovation and reform to improve access to mental healthcare. Actuaries can contribute by refining models that capture the prevalence and financial impacts of mental health problems, designing insurance products that provide robust mental health coverage, and enhancing risk assessments by quantifying the impact of mental health conditions on individuals' behavior and overall health. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 0960457X
- Database :
- Complementary Index
- Journal :
- Actuary
- Publication Type :
- Periodical
- Accession number :
- 178494255