What policy features determine life insurance lapse? an analysis of the German market
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<subfield code="a">What policy features determine life insurance lapse? an analysis of the German market</subfield>
<subfield code="c">Martin Eling, Dieter Kiesenbauer</subfield>
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<subfield code="a">With the largest data set ever used for this purpose (covering more than 1 million contracts), we analyze the impact of product and policyholder characteristics on lapse in the life insurance market. The data are provided by a German life insurer and cover two periods of market turmoil that we incorporate into our proportional hazards and generalized linear models. The results show that product characteristics such as product type or contract age and policyholder characteristics such as age or gender are important drivers for lapse rates. Our findings improve the understanding of lapse drivers and might be used by insurance managers and regulators for value- and risk-based management.</subfield>
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<subfield code="t">The Journal of risk and insurance</subfield>
<subfield code="d">Nueva York : The American Risk and Insurance Association, 1964-</subfield>
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<subfield code="g">02/06/2014 Volumen 81 Número 2 - junio 2014 , p. 241-270</subfield>
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