An application of sigmoid and double-sigmoid functions for dynamic policyholder behaviour (Q2044797): Difference between revisions
From MaRDI portal
Set OpenAlex properties. |
ReferenceBot (talk | contribs) Changed an Item |
||
Property / cites work | |||
Property / cites work: Q4040937 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Policyholder Exercise Behavior in Life Insurance: The State of Affairs / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Modeling Surrender and Lapse Rates With Economic Variables / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Double logistic curve in regression modeling / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Differential evolution -- a simple and efficient heuristic for global optimization over continuous spaces / rank | |||
Normal rank |
Latest revision as of 09:51, 26 July 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | An application of sigmoid and double-sigmoid functions for dynamic policyholder behaviour |
scientific article |
Statements
An application of sigmoid and double-sigmoid functions for dynamic policyholder behaviour (English)
0 references
10 August 2021
0 references
In the context of risk-based valuation of insurance contracts, the paper provides an extension of the dynamic lapse rate models, proposed in the literature and by regulators, using a double-sigmoid curve. The model is based on an economic assumption, in accordance with the description of policyholder behavior currently well established in the insurance industries. The study introduces a deepening of dynamic lapse multipliers, with regard to the dynamic model used in empirical studies or suggested by regulators. Then, the essential aspects and properties of the double- linear and double-sigmoid functions are provided. Finally, an application of the proposed methodology is presented, considering a real insurer database from an Italian firm.
0 references
logistic function
0 references
double-sigmoid function
0 references
policyholder behaviour
0 references
double-step function
0 references
lapse rate
0 references