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 bas...

The decision to transfer or share an insurable risk is critical for the maker’s economy. This paper deals with this decision, starting definition of a function that represents difference between expected utility insuring, without deductibles, and not insuring. Considering constant relative aversion (CRRA) function, we provide pattern potential policyholders as their wealth level. obtained rule ...

Insurance, as a source of society's aspirations, represents the association all those who are exposed to same danger. The coronavirus pandemic has affected various aspects life, including insurance industry. Life is one types where obligations companies policyholders have increased during pandemic. paper analyzes normative complex premium with specifics and characteristics this topic. We consid...

Based on published estimates of its price elasticity demand and tax wedges, as well the method revealed preference, I estimate that annual social value ESI is about $1.5 trillion beyond what policyholders, their employers, taxpayers pay for it. The private component value, which in some respects other side “job lock,” derives part from group plans, with determined by many characteristics than h...

The rapid growth over recent decades of the impact natural disasters on economies, especially in vulnerable areas, urges stakeholders to promote innovative solutions involving risk transfers that account for new exposures. These proposed are designed optimize and expedite indemnification process, which can ultimately be beneficial both policyholders insurers alike. This article explores possibi...

Correct risk estimation of policyholders is great significance to auto insurance companies. While the current tools used in this field have been proven practice be quite efficient and beneficial, we argue that there still a lot room for development improvement process. To end, develop framework based on combination neural network together with dimensionality reduction technique t-SNE (t-distrib...

Separation of funds in sharia insurance adheres to the main principle mutual assistance (ta'awun), which means that each participant must have intention help other. The application concept separation emphasizes position tabarru may only be used for needs policyholders while originating from shareholder component (ujrah) can companies. This study aims determine Islamic is an advantage compared c...

In applications of predictive modeling, such as insurance pricing, indirect or proxy discrimination is an issue major concern. Namely, there exists the possibility that protected policyholder characteristics are implicitly inferred from non-protected ones by models, and thus having undesirable (or illegal) impact on prices. A technical solution to this problem relies building a best-estimate mo...