How will improved forecasts of individual lifetimes affect underwriting?-Reference-Cited by-同舟云学术

How will improved forecasts of individual lifetimes affect underwriting?

Published:1997-08-29 Issue:1357 Volume:352 Page:1067-1075
ISSN:0962-8436
Container-title:Philosophical Transactions of the Royal Society of London. Series B: Biological Sciences
language:en
Short-container-title:Phil. Trans. R. Soc. Lond. B

Author:

Macdonald Angus S.¹

Affiliation:

1. Heriot–Watt UniversityRiccarton, Edinburgh EH14 4ASUK

Abstract

The combined effects of underwriting and adverse selection among heterogeneous populations are considered, using a simple Markov model. We illustrate the possible extent of the costs of adverse selection; in all cases, above–average sums assured is the most significant factor.

Publisher

The Royal Society

Subject

General Agricultural and Biological Sciences,General Biochemistry, Genetics and Molecular Biology

Link

https://royalsocietypublishing.org/doi/pdf/10.1098/rstb.1997.0087

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