Work

How will improved forecasts of individual lifetimes affect underwriting?

Year: 1997

Type: article

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.

Source: Philosophical Transactions of the Royal Society B Biological Sciences

DOI: 10.1098/rstb.1997.0087

Author: Angus S. Macdonald

Institution: Heriot-Watt University

Language: English

Topic: Insurance, Mortality, Demography, Risk Management

Subfield: Demography

Field: Social Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2163025035

FWCI: 17.33

Cites: 8

Cited by: 55

Related to: 10