Policyholder exercise behavior in life insurance: the state of Affairs

Daniel Bauer; Jin Gao; Thorsten Moenig; Eric R. Ulm; Nan Zhu

doi:10.1080/10920277.2017.1314816

Policyholder exercise behavior in life insurance: the state of Affairs

Daniel Bauer, Jin Gao, Thorsten Moenig, Eric R. Ulm, Nan Zhu

Risk Management

Research output: Contribution to journal › Review article › peer-review

27 Scopus citations

Abstract

The article presents a review of structural models of policyholder behavior in life insurance. We first discuss underlying drivers of policyholder behavior in theory and survey the implications of different models. We then turn to empirical behavior and appraise how well different drivers explain observations. The key contributions lie in the synthesis and the systematic categorization of different approaches. The article should provide a foundation for future studies, and we describe some important directions for future research in the conclusion.

Original language	English (US)
Pages (from-to)	485-501
Number of pages	17
Journal	North American Actuarial Journal
Volume	21
Issue number	4
DOIs	https://doi.org/10.1080/10920277.2017.1314816
State	Published - Sep 27 2017

All Science Journal Classification (ASJC) codes

Statistics and Probability
Economics and Econometrics
Statistics, Probability and Uncertainty

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10.1080/10920277.2017.1314816

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abstract = "The article presents a review of structural models of policyholder behavior in life insurance. We first discuss underlying drivers of policyholder behavior in theory and survey the implications of different models. We then turn to empirical behavior and appraise how well different drivers explain observations. The key contributions lie in the synthesis and the systematic categorization of different approaches. The article should provide a foundation for future studies, and we describe some important directions for future research in the conclusion.",

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AU - Ulm, Eric R.

AU - Zhu, Nan

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AB - The article presents a review of structural models of policyholder behavior in life insurance. We first discuss underlying drivers of policyholder behavior in theory and survey the implications of different models. We then turn to empirical behavior and appraise how well different drivers explain observations. The key contributions lie in the synthesis and the systematic categorization of different approaches. The article should provide a foundation for future studies, and we describe some important directions for future research in the conclusion.

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JO - North American Actuarial Journal

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Policyholder exercise behavior in life insurance: the state of Affairs

Abstract

All Science Journal Classification (ASJC) codes

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