2 citations · 2 across the 3 of their papers we have counts for
3 papers
A review of the Markov model of life insurance with a view to surplus
Oytun Haçarız, Torsten Kleinow, Angus S. Macdonald
We review Markov models of surplus in life insurance based on a counting process following Norberg (1991), uniting probabilistic theory with elements of practice largely drawn from…
Lapse-supported life insurance and adverse selection
Oytun Haçarız, Torsten Kleinow, Angus S. Macdonald
If individuals at the highest mortality risk are also least likely to lapse a life insurance policy, then lapse-supported premiums magnify adverse selection costs. As an example, w…
On Technical Bases and Surplus in Life Insurance
Oytun Haçarız, Torsten Kleinow, Angus S. Macdonald
We revisit surplus on general life insurance contracts, represented by Markov models. We classify technical bases in terms of boundary conditions in Thiele's equation(s), allowing…