Eling, Martin; Kochanski, Michael - School of Finance, Universität St. Gallen - 2012
The intention of this paper is to review research on lapse in life insurance and to outline potential new areas of … research in this field. We consider theoretical lapse rate models as well as empirical research on life insurance lapse and … field of research are reviewed. Challenges for lapse rate modeling, lapse risk mitigation techniques, and possible trends in …