The long-term care insurance market continues to be plagued by adverse claims experience and poor overall results, which has led to rate instability, insurer solvency concerns, and market exits by several major insurers, Fitch Ratings said Wednesday.
Fitch announced a new report, which analyzes the outlook for the LTC industry.
Based on Fitch's analysis of recent statutory financial statements, individual LTC results continue to be negatively affected by legacy blocks that incorporated pricing assumptions based on limited historical data.
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