Loisel, Stéphane; Milhaud, Xavier - In: European Journal of Operational Research 214 (2011) 2, pp. 348-357
In this paper we raise the matter of considering a stochastic model of the surrender rate instead of the classical S-shaped deterministic curve (in function of the spread), still used in almost all insurance companies. For extreme scenarios, due to the lack of data, it could be tempting to...