Retrospective Reserves and Bonus with Policyholder Behavior

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Standard

Retrospective Reserves and Bonus with Policyholder Behavior. / Falden, Debbie Kusch; Nyegaard, Anna Kamille.

I: Risks, Bind 9, Nr. 1, 15, 2021.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Falden, DK & Nyegaard, AK 2021, 'Retrospective Reserves and Bonus with Policyholder Behavior', Risks, bind 9, nr. 1, 15. https://doi.org/10.3390/risks9010015

APA

Falden, D. K., & Nyegaard, A. K. (2021). Retrospective Reserves and Bonus with Policyholder Behavior. Risks, 9(1), [15]. https://doi.org/10.3390/risks9010015

Vancouver

Falden DK, Nyegaard AK. Retrospective Reserves and Bonus with Policyholder Behavior. Risks. 2021;9(1). 15. https://doi.org/10.3390/risks9010015

Author

Falden, Debbie Kusch ; Nyegaard, Anna Kamille. / Retrospective Reserves and Bonus with Policyholder Behavior. I: Risks. 2021 ; Bind 9, Nr. 1.

Bibtex

@article{9ecd0d9cc4a445d5b9729981147623e8,
title = "Retrospective Reserves and Bonus with Policyholder Behavior",
abstract = "Legislation imposes insurance companies to project their assets and liabilities in various financial scenarios. Within the setup of with-profit life insurance, we consider retrospective reserves and bonus, and we study projection of balances with and without policyholder behavior. The projection resides in a system of differential equations of the savings account and the surplus, and the policyholder behavior options surrender and conversion to free-policy are included. The inclusion results in a structure where the system of differential equations of the savings account and the surplus is non-trivial. We consider a case where we are able to find accurate differential equations and suggest an approximation method to project the savings account and the surplus, including policyholder behavior, in general. To highlight the practical applications of the results in this paper, we study a numerical example.",
keywords = "with-profit life insurance, bonus, surplus, dividends, projection of balances, retrospective reserve, policyholder behavior",
author = "Falden, {Debbie Kusch} and Nyegaard, {Anna Kamille}",
year = "2021",
doi = "10.3390/risks9010015",
language = "English",
volume = "9",
journal = "Risks",
issn = "2227-9091",
publisher = "MDPI",
number = "1",

}

RIS

TY - JOUR

T1 - Retrospective Reserves and Bonus with Policyholder Behavior

AU - Falden, Debbie Kusch

AU - Nyegaard, Anna Kamille

PY - 2021

Y1 - 2021

N2 - Legislation imposes insurance companies to project their assets and liabilities in various financial scenarios. Within the setup of with-profit life insurance, we consider retrospective reserves and bonus, and we study projection of balances with and without policyholder behavior. The projection resides in a system of differential equations of the savings account and the surplus, and the policyholder behavior options surrender and conversion to free-policy are included. The inclusion results in a structure where the system of differential equations of the savings account and the surplus is non-trivial. We consider a case where we are able to find accurate differential equations and suggest an approximation method to project the savings account and the surplus, including policyholder behavior, in general. To highlight the practical applications of the results in this paper, we study a numerical example.

AB - Legislation imposes insurance companies to project their assets and liabilities in various financial scenarios. Within the setup of with-profit life insurance, we consider retrospective reserves and bonus, and we study projection of balances with and without policyholder behavior. The projection resides in a system of differential equations of the savings account and the surplus, and the policyholder behavior options surrender and conversion to free-policy are included. The inclusion results in a structure where the system of differential equations of the savings account and the surplus is non-trivial. We consider a case where we are able to find accurate differential equations and suggest an approximation method to project the savings account and the surplus, including policyholder behavior, in general. To highlight the practical applications of the results in this paper, we study a numerical example.

KW - with-profit life insurance

KW - bonus

KW - surplus

KW - dividends

KW - projection of balances

KW - retrospective reserve

KW - policyholder behavior

U2 - 10.3390/risks9010015

DO - 10.3390/risks9010015

M3 - Journal article

VL - 9

JO - Risks

JF - Risks

SN - 2227-9091

IS - 1

M1 - 15

ER -

ID: 284411531