Question
a.
The volume of business that a life insurance company acquires
b.
The percentage of insurance policies remaining in force without lapsing or being replaced by policies of other insurers
c.
The frequency of policyholder withdrawals from the unit fund
d.
The number of new policies sold by an insurance agent
Posted under IC 92 Actuarial Aspects of Product Development
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Q. What does persistency refer to in the context of life insurance?
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Q. How is the withdrawal rate related to persistency?
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Q. Which of the following is excluded when calculating withdrawal rates?
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Q. What is the asset share of a life insurance policy?
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Q. What does withdrawal rate refer to in insurance?
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Q. When are surrender rates applicable in insurance policies?
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Q. What is the main factor influencing withdrawal rates?
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Q. Which of the following is NOT a factor considered in choosing withdrawal rates?
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Q. How does an actuary determine the best estimate rate of withdrawal?
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Q. What factors impact the withdrawal rates in insurance?
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Q. When analyzing withdrawal rates, what is considered if the company lacks adequate data?
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Q. How does the type of product influence withdrawal rates?
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