[Risk assessment expanded accident insurance for children]

Area of Science:

• Pediatric health insurance
• Risk assessment in child disability

Context:

• Historically, children's disability insurance was neglected compared to adults.
• Limited data on childhood disability incidence rates, with accident statistics being a primary source.
• Introduction of extended accident insurance in Germany for children, covering accidents and diseases.

Purpose:

• To address the gap in child-specific disability insurance.
• To establish new underwriting approaches for children with health impairments.
• To develop guidelines for assessing future disability degrees in substandard cases.

Summary:

• New German insurance covers child accidents and diseases, but excludes congenital/mental disorders.
• Underwriting challenges arise due to the high number of impaired children.
• Predetermining maximum disability degree is proposed for underwriting substandard risks.

Impact:

• Thousands of policies issued in the first month, indicating market demand.
• Highlights the need for revised underwriting guidelines for child disability insurance.
• Potential to improve insurance accessibility for impaired children.