Search
Documentation Center

Main determinants of lapse in the german life insurance industry
Recurso electrónico / electronic resource
MARC record
Tag12Value
LDR  00000cab a2200000 4500
001  MAP20120025820
003  MAP
005  20120606121223.0
008  120531e20120301esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎341
1001 ‎$0‎MAPA20120016187‎$a‎Kiesenbauer, Dieter ‌
24510‎$a‎Main determinants of lapse in the german life insurance industry‎$c‎Dieter Kiesenbauer
520  ‎$a‎This paper studies the determinants of lapse in the German life insurance industry. Logistic regression models are employed using data on macroeconomic indicators and company characteristics of 133 German life insurers from 1997 to 2009. Five different product categories are considered (endowment, annuity, term life, group, and other). The findings indicate that the main lapse determinants are very similar across all product categories, except that the direction of impact is reversed for the product category other, which consists almost exclusively of unitlinked business. In particular, the interest rate and emergency fund hypotheses are supported only for unit-linked business, while these hypotheses do not hold for the remaining product categories. Overall, the analysis provides an understanding of lapse dynamics related to economic indicators and company characteristics. The derived models can be used to predict lapse rates for the different product categories considered. The results are important for insurance company managers, regulators, and life insurance customers.
650 1‎$0‎MAPA20080586294‎$a‎Mercado de seguros ‌
650 1‎$0‎MAPA20080620752‎$a‎Variables macro-económicas ‌
650 1‎$0‎MAPA20080570590‎$a‎Seguro de vida ‌
650 1‎$0‎MAPA20080596606‎$a‎Evolución del seguro ‌
651 1‎$0‎MAPA20080637996‎$a‎Alemania ‌
7730 ‎$w‎MAP20077000239‎$t‎North American actuarial journal‎$d‎Schaumburg : Society of Actuaries, 1997-‎$x‎1092-0277‎$g‎01/03/2012 Tomo 16 Número 1 - 2012 , p. 52-73