Hostname: page-component-cd9895bd7-dzt6s Total loading time: 0 Render date: 2024-12-23T08:56:52.485Z Has data issue: false hasContentIssue false
  • English
  • Français

Statistical analysis of life assurance lapses

Published online by Cambridge University Press:  20 April 2012

A. E. Renshaw  and
S. Haberman
A. E. Renshaw
Affiliation:
The City University, London
S. Haberman
Affiliation:
The City University, London
Get access Rights & Permissions [Opens in a new window]

Extract

Data have been generously supplied by the Faculty of Actuaries Withdrawals Research Group. These data cover the lapse or withdrawal experience for the calendar year 1976 of seven Scottish life offices. An extensive analysis has been published by the Research Group although, for reasons we shall discuss later, we believe that the approach outlined here is better able to describe the structure of the data than the detailed (and somewhat pedestrian) tabulations of this earlier paper.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 113 , Issue 3 , December 1986 , pp. 459 - 497
Copyright
Copyright © Institute and Faculty of Actuaries 1986

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

(1) Crombie, J. G. R. et al. (1979) Faculty of Actuaries Withdrawal Research Group. ‘An Investigation into the Withdrawal Experience of Ordinary Life Business’. T.F.A. 36, 262–295 (with discussion).Google Scholar
(2) Johnson, P. D. & Hey, G. B. (1971) Statistical Studies in Motor Insurance. J.I.A. 97, 199–232 (with discussion).Google Scholar
(3) Grimes, T. (1971) Claim Frequency Analysis in Motor Insurance. J.S.S. 19, 147–154.Google Scholar
(4) Bennett, M. (1978) Models in Motor Insurance. J.S.S. 22, 134–159.Google Scholar
(5) Coutts, S. M. (1984) Motor Insurance Rating: An actuarial approach. J.I.A. 111, 87–148.Google Scholar
(6) Benjamin, B. & Pollard, J. H. (1980) Analysis of Mortality and other Actuarial Statistics. Chapters 2–4. Heinemann.Google Scholar
(7) Cox, P. R. (1976) Demography. Fifth Edition, Chapter 6. Cambridge University Press.CrossRefGoogle Scholar
(8) Mccullagh, P. & Nelder, J. R. (1983) Generalised Linear Models. pp. 26–28. Chapman and Hall.CrossRefGoogle Scholar
(9) Vaupel, J. W. & Yashin, A. I. (1985) Heterogeneity's Ruses; Some Surprising Effects of Selection on Population Dynamics. The American Statistician, 36, 176–185.Google Scholar
(10) Beard, R. E. (1961) A Theory of Mortality Based on Actuarial, Biological and Medical Characteristics. International Population Conference, Vol. 1, pp. 611–625.Google Scholar
(11) Redington, F. M. (1969) An Exploration into the Patterns of Mortality. J.I.A. 95, 243–298 (with discussion).Google Scholar