Policyholder exercise behavior in life insurance : the state of affairs

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      <subfield code="a">Policyholder exercise behavior in life insurance</subfield>
      <subfield code="b">: the state of affairs</subfield>
      <subfield code="c">Daniel Bauer... [et al.]</subfield>
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      <subfield code="a">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.</subfield>
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      <subfield code="a">Seguro de vida</subfield>
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      <subfield code="0">MAPA20080545017</subfield>
      <subfield code="a">Pólizas</subfield>
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      <subfield code="w">MAP20077000239</subfield>
      <subfield code="t">North American actuarial journal</subfield>
      <subfield code="d">Schaumburg : Society of Actuaries, 1997-</subfield>
      <subfield code="x">1092-0277</subfield>
      <subfield code="g">04/12/2017 Tomo 21 Número 4 - 2017 , P. 485-501</subfield>
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