There are few microinsurance educational tools available to actuaries and healthcare practitioners. In response, Milliman and the International Actuarial Association have collaborated to develop a health microinsurance instructional pricing tool for the microinsurance industry. This model illustrates key actuarial principles common to health scheme pricing and describes a number of important items to consider when using available data and applying adjustments in health scheme pricing. The concepts and mathematical principles used are examples of functional concepts related to health microinsurance and health insurance pricing and provide a valuable framework for actuaries and other health professionals as they develop and operate microinsurance schemes.

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