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Reputation Pricing: A Model For Valuing Future Life Insurance Policies, Rami Yosef
Reputation Pricing: A Model For Valuing Future Life Insurance Policies, Rami Yosef
Journal of Actuarial Practice (1993-2006)
The reputation of a life insurer is used to develop a model for determining the value of future life insurance policies. An M / G / 00 process is used to describe the sales and terminations (due to death or maturity) of future policies. The intensity of the arrival process is assumed to depend on the company's reputation. Explicit expressions are derived for the actuarial reserves and expected profits of these future policies.