If wrong for NHSIC to provide NHS data to actuaries then it would be wrong for CPRD to do this too, wouldn't it? http://www.corporate-adviser.com/home/longevity-predictions-inaccurate-because-actuaries-ignoring-data-swiss-re/1037328.article …
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Replying to @amcunningham
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@amcunningham what is the outcome benefit for public of providing data? Clear what it is for insurance companies.1 reply 1 retweet 1 like -
Replying to @Cleverestcookie
@Cleverestcookie see@Elektra 's tweet- better info might mean more accurate premiums7 replies 0 retweets 0 likes -
Replying to @amcunningham
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@amcunningham@Elektra companies who will be able to maintain a more predictable income from premiums and no losses. This is very valuable>1 reply 0 retweets 0 likes -
Replying to @Cleverestcookie
@Cleverestcookie or just stay solvent. no one wants insurers going broke.@Elektra1 reply 0 retweets 0 likes -
Replying to @amcunningham
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@amcunningham@Cleverestcookie@Elektra You mean like the banks? Suspect vast majority of the public may have a different view on this now.1 reply 0 retweets 0 likes -
Replying to @C7RKY
@C7RKY I mean that if I have a life insurance policy and it couldn't pay out that wouldn't be good. Wrong?@Cleverestcookie@Elektra2 replies 0 retweets 0 likes -
Replying to @amcunningham
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@amcunningham@Cleverestcookie@Elektra They are private businesses, run for profit. That profit shouldn't be enhanced at public's expense>2 replies 0 retweets 0 likes -
Replying to @C7RKY
@C7RKY but not all insurers are private businesses run for profit. what about mutuals?@Cleverestcookie@Elektra1 reply 0 retweets 0 likes
.@amcunningham @Cleverestcookie @Elektra They just share those profits to their members, in form of dividends. Price still set by actuaries.
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