ABSTRACT
This chapter presents a comprehensive evaluation of the proposed Bridging Household Life Insurance, framed also in the context of the socio-economic effects of the COVID-19 pandemic. The analysis begins with a comparative overview of premium amounts across EU countries, revealing how contributions vary depending on demographic structure and household composition. International comparisons of insurance premiums hold significant meaning across various dimensions, for instance premiums are indicative of life expectancy and mortality rates, which enable an indirect analysis of population health. Additionally, these comparisons offer insights into the effects of extraordinary events, such as the COVID-19 pandemic.
The discussion then moves to practical considerations for implementing the proposed insurance in real-world markets. It examines potential benefits and barriers, including administrative, behavioural, and institutional challenges. A significant observation is that the actuarial valuation of cash flows under the contract can be a proxy for valuing unpaid household labour. This insight paves the way for broader applications of the model in areas such as social policy, gender economics, and compensation for caregiving. This chapter concludes with recommendations for further research, particularly in refining the model and its actuarial assumptions within diverse demographic and economic contexts.
