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Continuing care retirement communities - attractive to members, but what about sponsors?
 — presented to the Institute of Actuaries, 26 January 1998, and to the Faculty of Actuaries, 16 November 1998
Author(s)R A Humble, D G Ryan
Corporate AuthorFaculty of Actuaries; Institute of Actuaries
PublisherFaculty of Actuaries, Edinburgh; London, 1998
Pages50 pp
SourceFaculty of Actuaries, Maclaurin House, 18 Dublin Street, Edinburgh EH1 3PP. Institute of Actuaries, Staple Inn Hall, High Holborn, London WClV 7QJ.
KeywordsRetirement communities ; Long term ; Finance [care] ; Usage [services] ; Mathematical models.
AnnotationThis paper is concerned with the development and operation of Continuing Care Retirement Communities (CCRCs). It examines the financial structure of a CCRC being developed by the Joseph Rowntree Housing Trust, and describes a population model utilising transition probabilities to project care needs and financial performance. The paper then explores the possibility of commercial organisations becoming involved in this market, and examines the risks that such a venture would entail and the strategies that may be adopted to reduce these risks. (RH).
Accession NumberCPA-981201207 B
ClassmarkROA: 4Q: QC: QLD: 3LM

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