Vernic (2006), Bolancé et al. (2008), and Eling (2012) identify the skew-normal and skew-student as promising models for describing actuarial loss data. In this paper, we change the focus from the liability to the asset side and ask whether these distributions are also useful for analyzing the...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>With the largest data set ever used for this purpose (covering more than 1 million contracts), we analyze the impact of product and policyholder characteristics on lapse in the life insurance market. The data are provided by a German life insurer and cover two...</p>

type="main" xml:lang="en" <title type="main">Abstract</title> <p>We analyze the impact of factors related to corporate governance (i.e., compensation, monitoring, and ownership structure) on risk taking in the insurance industry. We measure asset, product, and financial risk in insurance companies and employ a structural...</p>

Purpose – The purpose of this paper is to present a simulation-based approach for modeling multi-year non-life insurance risk in internal risk models. Strategic management in an insurance company requires a multi-year time horizon for economic decision making, for example, in the context of...

Purpose – The purpose of this paper is to review research on lapse in life insurance and to outline potential new areas of research in this field. Design/methodology/approach – The authors consider theoretical lapse rate models as well as empirical research on life insurance lapse and...