Safety margins for unsystematic biometric risk in life and health insurance

Abstract

In multistate life and health insurances, the pattern of states of the policyholder is random, thus exposing the insurer to an unsystematic biometric risk. For this reason safety margins are added on premiums and reserves. But in contrast to non-life insurance, traditionally the safety margins are not chosen explicitly but implicitly in form of a valuation… (More)

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Cite this paper

@inproceedings{Christiansen2011SafetyMF, title={Safety margins for unsystematic biometric risk in life and health insurance}, author={Marcus C. Christiansen}, year={2011} }