Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Thursday, 31 July 2008
Spouses with Same Sex are Allowed
This may not come to this region soon.
In US, Blue Cross & Blue Shield announced that legally married same-sex couples will be entitled to enjoy spousal benefits in the health insurance plans.
While we do have health plans designed with spousal benefits in Malaysia (in particular employer-sponsored plans), same-sex marriage is not yet legal here.
The decision by Blue Cross & Blue Shield would put some challenge to the actuaries. Typically claims statistics are collected by sex. The spouse of a male policyholder is always assumed to be a female and vice versa. With same-sex spouses allowed, theoretically the pricing would be out. It would be interesting to see how US actuaries allow for this. Anyone with knowledge in this is welcome to comment on this.
Source: WKBW
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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