Abstract:The seminar is chaired by Torsten Kleinow and Griselda Deelstra.Identifying the determinants of lapse rates in life insurance: an automated Lasso approachLapse risk is a key risk driver for life and pensions business with a material impact on the cash flow profile and the profitability. The application of data science methods can replace the largely manual and time-consuming process of estimating a lapse model that reflects various contract characteristics and provides best estimate lapse rates, as needed for … Show more
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