Risk assessment is a crucial element in the life insurance business to classify the applicants.
Companies perform underwriting process to make decisions on applications and to price …

In the domains of computational and applied mathematics, soft computing, fuzzy logic, and
machine learning (ML) are well‐known research areas. ML is one of the computational …

A lapsed policy is an insurance policy that has become inactive due to non-payment of
premiums. The word “lapse” is an insurance topic that constantly evolves, proven by the …

Risk assessment is an important aspect of decision making while granting policy to an
applicant. In the vast economy with enormous feature criteria for everyone, it is an ongoing …

We show that borrowers are highly sensitive to the requirement of posting their homes as
collateral. Using administrative loan application and performance data from the US Federal …

Very often, due to some accidental reasons, a person undergoes medical treatment, and
being a part of an organization, he has the facility to claim the insurance money. So, does a …

Extant literature has explored policyowner decision‐making as it relates to both life
insurance policy surrender and borrowing activity. However, researchers have not yet …

Understanding the causes of voluntary terminations is important to the service quality,
profitability, and risk management of the life insurer. This article extends the literature on the …

This paper undertakes a revisit of the sunk cost fallacy, which refers to the tendency of
people to persist investing resources into something, even if it is destined to have no good …

We estimate and trace a credit demand curve for households that recently experienced
damage to their homes from a natural disaster. Our administrative data include over one …