How will improved forecasts of individual lifetimes affect underwriting?

Research output: Contribution to journalLiterature review

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 languageEnglish
Pages (from-to)1067-1075
Number of pages9
JournalPhilosophical Transactions of the Royal Society B: Biological Sciences
Volume352
Issue number1357
DOIs
Publication statusPublished - 29 Aug 1997

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Adverse selection
Underwriting
Markov model
Factors
Heterogeneous population
Costs

Cite this

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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.",
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How will improved forecasts of individual lifetimes affect underwriting? / Macdonald, Angus S.

In: Philosophical Transactions of the Royal Society B: Biological Sciences, Vol. 352, No. 1357, 29.08.1997, p. 1067-1075.

Research output: Contribution to journalLiterature review

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