Novel Application of Digital Dementia Phenotyping and Risk Classification for Insurance and Longevity Risk Modeling

As the global prevalence of Alzheimer’s disease and related dementias (ADRD) continues to soar, risk bearing entities in both the public and private insurance and financial services sector will be faced to evaluate and estimate the cost of care, morbidity, and mortality for ADRD patients. Historically, insurance actuaries have evaluated ADRD from a homogenous risk perspective. Risk variability in dementia and multi‐morbid risk is not considered during actuarial insurance risk modeling practices across various types of insurance products including long term care insurance (LTCI), pension longevity risk, life insurance, and health insurance in the public and private sector.