Intensity-based framework for surrender modeling in life insurance

Title
Intensity-based framework for surrender modeling in life insurance
Authors
Keywords
Life insurance, Surrender option, Intensity-based models, Vasicek model, Cox–Ingersoll–Ross (CIR) model, Best estimate of liabilities (BEL)
Journal
INSURANCE MATHEMATICS & ECONOMICS
Volume 72, Issue -, Pages 189-196
Publisher
Elsevier BV
Online
2016-11-23
DOI
10.1016/j.insmatheco.2016.11.001

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