How will improved forecasts of individual lifetimes affect underwriting?

Angus S. Macdonald

doi:10.1098/rstb.1997.0087

How will improved forecasts of individual lifetimes affect underwriting?

Angus S. Macdonald

Research output: Contribution to journal › Literature review › peer-review

26 Citations (Scopus)

Abstract

The combined effects of underwriting and adverse selection among heterogeneous populations are considered, using a simple Markov model. I illustrate the possible extent of the costs of adverse selection; in all cases, above-average sums assured is the most significant factor.

Original language	English
Pages (from-to)	1067-1075
Number of pages	9
Journal	Philosophical Transactions of the Royal Society B: Biological Sciences
Volume	352
Issue number	1357
DOIs	https://doi.org/10.1098/rstb.1997.0087
Publication status	Published - 29 Aug 1997

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10.1098/rstb.1997.0087

Cite this

@article{358e2e455bc14a3482cb9d5ecb7df707,

title = "How will improved forecasts of individual lifetimes affect underwriting?",

abstract = "The combined effects of underwriting and adverse selection among heterogeneous populations are considered, using a simple Markov model. I illustrate the possible extent of the costs of adverse selection; in all cases, above-average sums assured is the most significant factor.",

author = "Macdonald, {Angus S.}",

year = "1997",

month = aug,

day = "29",

doi = "10.1098/rstb.1997.0087",

language = "English",

volume = "352",

pages = "1067--1075",

journal = "Philosophical Transactions of the Royal Society B: Biological Sciences",

issn = "0962-8436",