Claim Utilization Study
A new Claim Utilization application is introduced allowing analysis of claims paid as a proportion of the guaranteed benefit amount. This study is embedded within the Claim Termination exposure and is fully integrated and consistent with the Claim Termination study.
Paid Utilization Rate is Paid Month/Benefit Month or the monthly paid claims exposure as a proportion of the monthly contract exposure.
Aggregate claim payments for a period are defined in the source table srcClaimPymts using the ServiceFromDate and GrossClaimPaid with adjustment to benefit months made by apportioning either by month or number of days.