Effect of the Yield Level, the Inflation Environment and the Pandemic on the Lapse Rates of Life Insurances

This study examines the lapse rates of certain life insurances in relation to various economic and non-economic events, analysing empirical insurance data, search answers questions what impact changed yield inflation environments lockdowns due Covid-19 had on cancellation contracts, how sensitive policyholders are changes yields case investment-type insurances. In addition conclusions drawn basis time series further statistical analyses (such as Granger causality testing, contract classification with k-means clustering) contribute a more complete picture. The effect interest rate level lapses can be detected single premium under review (especially for higher classes). No similar behaviour is typical current review, so far it has also not been possible detect any significant relationship connection or Covid-19.