The Korean Journal of Applied Statistics (응용통계연구)

The Korean Statistical Society (한국통계학회)
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Policyholder Surrender Behaviors under Extreme Financial Conditions

  • Kim, Chang-Ki (Australian School of Business, The University of New South Wales)
  • Received : 20100400
  • Accepted : 20100600
  • Published : 2010.08.31
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Abstract

We model surrender rates with a few explanatory variables such as the difference between reference marke rates and product crediting rates, the policy age since the contract was issued, unemployment rates, economy growth rates, and seasonal effects using logit function. We investigate the policy holder surrender behaviors of US single premium deferred annuities(SPDA) and Korean interest indexed annuities under extreme financial conditions.

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References

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