HomeQuantitative Results 1998 – 2001

Quantitative Results 1998 – 2001

The quantitative results from 1998 to 2001 are as follows.

1998 1999 2000 2001
Number of covered contracts 19 770 21 030 23 941 25 333
Number of covered certificates 300 884 290 534 306 447 505 004
Number of claims pooled 9 527 11 140 11 162 11 306
Credits gained at the central compensation table 10,1 million$ 13,2 millions$ 15,4 millions$ 17,5 millions$
Loss ratio 98% 122% 107% 82%

Much like the previous years results for groups of less than 125 participants, we note that the number of catastrophic claims for year 2000 remains low. While these claims are still concentrated in the range of $ 20,000 to $ 40,000, their number has increased steadily year after year.

As the above table shows:

the number of covered contracts and certificates has increased;
the number of claims pooled slowly increases from year to year;
the credits gained at the central compensation table continue to increase despite the
adjustments made to the threshold levels. Up by about 13.6% between 2001 and
2000 and by about 16.7% between 2000 and 1999;
the loss ratio of 82% is lower than expected;
past increases in threshold levels have contributed to reduce the loss ratio.

Size of claims

Insured and non insured groups of less than 125 certificates

The following table gives a breakdown of claims exceeding $20,000 from 1997 to 2001.

Size of claim $ Number of claims
1997
Number of claims
1998
Number of claims
1999
Number of claims
2000
Number of claims
2001
Between 20 000 and 29 999 12 39 59 88 98
Between 30 000 and 39 999 4 4 10 13* 14
Between 40 000 and 49 000 0 2 3 5 6
Between 50 000 and 59 000 0 1 0 1 2
Between 60 000 and 69 000 0 0 0 1 1
Between 70 000 and 79 000 0 0 0 0 1
Total 16 46 72 108 122

** Correction (last reported as 23, the result is 13)

Insured groups of 125 certificates and over

in 1999, five (5) claims have been pooled resulting in an amount of $ 21,269 being
shared among insurers;
in 2000, eleven (11) claims have been pooled resulting in an amount of $121,252 being
pooled among insurers;
in 2001, preliminary results show that twelve (12) claims will be pooled resulting in an
amount of $ 68,631 being pooled among insurers.