Abstract The Society of Actuaries seeks to provide actuaries of life insurance companies with
a systematic approach for estimating the adverse effects of economic developments that …

We analyze life insurance policy surrender activity to determine whether surrender is a
function of certain macroeconomic variables and, therefore, highly correlated across …

Life insurance policy lapses are detrimental to issuing insurers when lapses substantially
deviate from insurer expectations. The extant literature has proposed and tested, using …

Life insurance is an important household risk management and financial tool. Policy
lapsation has economic effects on life insurance companies, policyholders, and …

In this paper, one error-correction model (ECM) that is able to avoid the problem of
producing noise within traditional multiple cointegration vectors has been employed to …

In this research paper, we examined the influence of demographic and household factors on
adecision to surrender a life insurance policy before the end of the policy term. As per …

The lapse rate on ordinary life insurance products is a key operating parameter for life
insurance companies. We seek to identify determinants of the lapse rate using a model that …

This study discovers the influence of the firm's characteristics (ie firm size, firm leverage,
aggressiveness of sales, board of directors' size and diversity) on the lapse rate of life …

The Nepalese life insurance industry is facing a significant challenge due to its high
surrender rate, which became particularly alarming during the COVID-19 pandemic. In this …

Life insurance is a long-term contract in which company is committed to paying a specified
death or maturity benefit provided that the premiums are paid by the insured. However, a …