Abstract
The reputation of a life insurer is used to develop a model for determining
the value of future life insurance policies. An M / G / 00 process is used to describe the sales and terminations (due to death or maturity) of future policies.
The intensity of the arrival process is assumed to depend on the company's
reputation. Explicit expressions are derived for the actuarial reserves and expected profits of these future policies.
the value of future life insurance policies. An M / G / 00 process is used to describe the sales and terminations (due to death or maturity) of future policies.
The intensity of the arrival process is assumed to depend on the company's
reputation. Explicit expressions are derived for the actuarial reserves and expected profits of these future policies.
| Original language | English |
|---|---|
| Pages (from-to) | 181-192 |
| Journal | Jouranl of Actuarial Practice |
| Volume | 12 |
| State | Published - 2005 |