Download or read book Policy Lapsation In Life Insurance Sector written by Dr Suresh Chandra ch and published by Archers & Elevators Publishing House. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Life Insurance Industry written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly and published by . This book was released on 1973 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Policy Lapsation Risk and Technical Efficiency written by Ram Pratap Sinha and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The life insurance sector suffers from the problem of policy lapsation which is an undesirable output in the context of this sector. The present paper makes a humble attempt to integrate lapsation risk in the context of efficiency analysis of the Indian life insurance sector for the period 2005-06 to 2009-10. For the purpose of efficiency measurement, the paper uses the undesirable output model proposed by Tone (2003), and includes policy lapsation as an undesirable output.
Download or read book Life Insurance Fact Book written by and published by . This book was released on 1959 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Life Insurance Cost Disclosure written by United States. Federal Trade Commission. Bureau of Consumer Protection and published by . This book was released on 1979 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Life Insurance Lapsation in Utah written by Irvin Hull and published by . This book was released on 1939 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Aggregate Lapsation Risk written by Ralph S. J. Koijen and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study aggregate lapsation risk in the life insurance sector. Using the regulatory reporting of historical lapse rates by life insurers, we empirically document the counter-cyclicality of lapsation behavior. We construct two lapsation risk factors that explain a large fraction of the common variation in lapse rates of the 30 largest life insurance companies. The first is a cyclical factor that correlates with credit spreads and employment, while the second factor is a trend factor that correlates with the level of interest rates. Using a novel policy-level database from a large life insurer, we examine the heterogeneity in risk factor exposures based on policy and policyholder characteristics. Young policyholders with higher health risk are more likely to lapse their policies during economic downturns. We explore the implications for hedging and valuation of life insurance contracts. Ignoring aggregate lapsation risk results in cross-subsidization across policyholders with different lapsation risk, and in a mispricing of life insurance policies. Our results have implications for the welfare costs of business cycles.
Download or read book The Insurance Industry written by Ontario. Legislative Assembly. Select Committee on Company Law and published by The Committee. This book was released on 1980 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Life Insurance Cost Disclosure written by United States. Federal Trade Commission. Bureau of Consumer Protection and published by . This book was released on 1979 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Story of Life Insurance written by Burton Jesse Hendrick and published by . This book was released on 1907 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Does Cognitive Ability Impact Life Insurance Policy Lapsation written by Barry S. Mulholland and published by . This book was released on 2014 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Life insurance is an important household risk management and financial tool. Policy lapsation has economic effects on life insurance companies, policyholders, and beneficiaries and the impact may be detrimental when these lapses are unexpected. Prior literature has examined several hypotheses of life insurance lapse focusing mainly on macroeconomic factors using aggregate data and household microeconomic factors using household-level data. We introduce and test individual cognitive ability variables in a model of the life insurance voluntary lapse decision by individual policyholders using household-level data from the Health and Retirement Study. We find that one measure of cognitive ability in particular, numeracy, is related to the voluntary lapse decision. While controlling for numeracy, we find evidence that those individuals with higher levels of net worth are less likely to voluntarily lapse a policy which is consistent with the emergency fund hypothesis. We introduce a new measure of liquidity shock, kids moving home, into the model and find it has a strong positive relationship with the decision to voluntarily lapse a policy. Consistent with life insurance demand theory, we find that those who have recently entered retirement are more likely to lapse their policy.
Download or read book Industrial Life Insurance written by Saul Benton Ackerman and published by . This book was released on 1926 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Missed Fortune 101 written by Douglas R. Andrew and published by Business Plus. This book was released on 2008-06-03 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Isn't it time YOU became wealthy? Bestselling author and expert financial planner presents an extraordinary collection of must-have financial advice. True or False? Always prepay your mortgage. The right 401(k) or IRA will completely cover your retirement. Defer your taxes and postpone the pain. True wealth doesn't last forever. They're All False! Missed Fortune 101 ...is like no other money guide you've ever read. Its author, successful financial strategist Douglas R. Andrew, dares to question the conventional wisdom on personal finance that most people accept. He reveals the ways banks, credit unions, and insurance companies amass tremendous wealth-what they do, and what they don't do. He shows you how to seize financial opportunities you never knew existed. With Missed Fortune 101 as your guide, you'll never view your house, your mortgage, your retirement plans, your investments, and your other assets the same way again. Put the lazy, idle dollars trapped in your home to work safely-and reap as much as an extra million. Discover hidden and perfectly legal tax breaks-and treat yourself to some surprising windfalls. Play the bankers' favorite game-borrow at one rate and invest at a higher one. Explore lesser-known retirement vehicles-and avoid falling into a higher tax bracket when you stop working. Turn your life insurance policy into an investment-and keep your taxes down and your capital up. Find out which low-return instruments should be in your portfolio today-and why they'll become high-return stars tomorrow. Reach your "freedom point"-your financial independence-long before "retirement age"! Learn the real rules of smart investing. Maximize your wealth with Missed Fortune 101.
Download or read book Life Insurance Fact Book written by and published by . This book was released on 1946 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroprudential Solvency Stress Testing of the Insurance Sector written by Mr.Andreas A. Jobst and published by International Monetary Fund. This book was released on 2014-07-22 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, stress testing has become a central aspect of the Fund’s bilateral and multilateral surveillance work. Recently, more emphasis has also been placed on the role of insurance for financial stability analysis. This paper reviews the current state of system-wide solvency stress tests for insurance based on a comparative review of national practices and the experiences from Fund’s FSAP program with the aim of providing practical guidelines for the coherent and consistent implementation of such exercises. The paper also offers recommendations on improving the current insurance stress testing approaches and presentation of results.
Download or read book Modelling in Life Insurance A Management Perspective written by Jean-Paul Laurent and published by Springer. This book was released on 2016-05-02 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on life insurance and pensions, this book addresses various aspects of modelling in modern insurance: insurance liabilities; asset-liability management; securitization, hedging, and investment strategies. With contributions from internationally renowned academics in actuarial science, finance, and management science and key people in major life insurance and reinsurance companies, there is expert coverage of a wide range of topics, for example: models in life insurance and their roles in decision making; an account of the contemporary history of insurance and life insurance mathematics; choice, calibration, and evaluation of models; documentation and quality checks of data; new insurance regulations and accounting rules; cash flow projection models; economic scenario generators; model uncertainty and model risk; model-based decision-making at line management level; models and behaviour of stakeholders. With author profiles ranging from highly specialized model builders to decision makers at chief executive level, this book should prove a useful resource to students and academics of actuarial science as well as practitioners.
Download or read book Minnesota Insurance Laws written by Minnesota and published by . This book was released on 1911 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
