Matches in SemOpenAlex for { <https://semopenalex.org/work/W2035486413> ?p ?o ?g. }
Showing items 1 to 62 of
62
with 100 items per page.
- W2035486413 abstract "We calculate reserves regarding expected policy holder behavior. The behavior is modeled to occur incidentally similarly to insurance risk. The focus is on multi-state modeling of insurance risk, e.g. in a disability model, and of behavioral risk, e.g. in a premium payment — free policy — surrender model. We discuss valuation techniques in the cases where the behavior is modeled to occur independently of insurance risk and where we take explicitly into account that e.g. disabled do not hold behavioral options, respectively. Ordinary differential equations make it easier to work with dependence between insurance risk and behavior risk. We analyze the effects of the underlying behavioral assumptions in two contracts. For a new contract, i.e. low technical interest rate relative to the market interest rate, we obtain the lowest reserve by working with the correct model without inaccurate shortcut assumptions. For an old contract, i.e. high technical interest rate relative to the market interest rate, the picture is more blurred, depending on assumptions on reactivation (recovery) and the route of the shortcut." @default.
- W2035486413 created "2016-06-24" @default.
- W2035486413 creator A5009922370 @default.
- W2035486413 creator A5012135460 @default.
- W2035486413 creator A5029429094 @default.
- W2035486413 creator A5040469727 @default.
- W2035486413 date "2013-01-01" @default.
- W2035486413 modified "2023-10-16" @default.
- W2035486413 title "Markov Chain Modeling of Policy Holder Behavior in Life Insurance and Pension" @default.
- W2035486413 cites W1954436355 @default.
- W2035486413 cites W1977951117 @default.
- W2035486413 cites W1994956456 @default.
- W2035486413 cites W2096879147 @default.
- W2035486413 cites W2140514312 @default.
- W2035486413 cites W2740092427 @default.
- W2035486413 doi "https://doi.org/10.2139/ssrn.2289926" @default.
- W2035486413 hasPublicationYear "2013" @default.
- W2035486413 type Work @default.
- W2035486413 sameAs 2035486413 @default.
- W2035486413 citedByCount "0" @default.
- W2035486413 crossrefType "journal-article" @default.
- W2035486413 hasAuthorship W2035486413A5009922370 @default.
- W2035486413 hasAuthorship W2035486413A5012135460 @default.
- W2035486413 hasAuthorship W2035486413A5029429094 @default.
- W2035486413 hasAuthorship W2035486413A5040469727 @default.
- W2035486413 hasConcept C10138342 @default.
- W2035486413 hasConcept C105795698 @default.
- W2035486413 hasConcept C144133560 @default.
- W2035486413 hasConcept C149782125 @default.
- W2035486413 hasConcept C162118730 @default.
- W2035486413 hasConcept C162324750 @default.
- W2035486413 hasConcept C2780899237 @default.
- W2035486413 hasConcept C3020299011 @default.
- W2035486413 hasConcept C33923547 @default.
- W2035486413 hasConcept C98763669 @default.
- W2035486413 hasConceptScore W2035486413C10138342 @default.
- W2035486413 hasConceptScore W2035486413C105795698 @default.
- W2035486413 hasConceptScore W2035486413C144133560 @default.
- W2035486413 hasConceptScore W2035486413C149782125 @default.
- W2035486413 hasConceptScore W2035486413C162118730 @default.
- W2035486413 hasConceptScore W2035486413C162324750 @default.
- W2035486413 hasConceptScore W2035486413C2780899237 @default.
- W2035486413 hasConceptScore W2035486413C3020299011 @default.
- W2035486413 hasConceptScore W2035486413C33923547 @default.
- W2035486413 hasConceptScore W2035486413C98763669 @default.
- W2035486413 hasLocation W20354864131 @default.
- W2035486413 hasOpenAccess W2035486413 @default.
- W2035486413 hasPrimaryLocation W20354864131 @default.
- W2035486413 hasRelatedWork W1553260254 @default.
- W2035486413 hasRelatedWork W1985998880 @default.
- W2035486413 hasRelatedWork W1994658890 @default.
- W2035486413 hasRelatedWork W2011233560 @default.
- W2035486413 hasRelatedWork W2278569353 @default.
- W2035486413 hasRelatedWork W2358462328 @default.
- W2035486413 hasRelatedWork W2483852021 @default.
- W2035486413 hasRelatedWork W2487035143 @default.
- W2035486413 hasRelatedWork W3148302381 @default.
- W2035486413 hasRelatedWork W57879723 @default.
- W2035486413 isParatext "false" @default.
- W2035486413 isRetracted "false" @default.
- W2035486413 magId "2035486413" @default.
- W2035486413 workType "article" @default.