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Risk Classification in Life Insurance

  • Authors
  • J. David Cummins
  • Barry D. Smith
  • R. Neil Vance
  • Jack L. VanDerhei

Table of contents

  1. Front Matter
    Pages i-xix
  2. Introduction

    1. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 1-8
  3. Fundamentals of Risk Classification

    1. Front Matter
      Pages 9-9
    2. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 11-25
    3. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 27-62
    4. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 63-81
    5. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 83-92
    6. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 93-98
  4. Current Risk Classification Procedures

    1. Front Matter
      Pages 99-99
    2. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 101-120
    3. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 121-130
    4. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 131-176
    5. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 177-213
    6. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 215-220
  5. Multivariate Analysis of Underwriting Risk Factors and Mortality

    1. Front Matter
      Pages 221-221
    2. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 223-226
    3. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 227-240
    4. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 241-275
    5. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 277-320
    6. J. David Cummins, Barry D. Smith, R. Neil Vance, Jack L. VanDerhei
      Pages 321-325
  6. Back Matter
    Pages 327-336

About this book

Introduction

The research project leading to this book was initiated in the fall of 1979 when the American Council of Life Insurance (ACLI) contacted Dan McGill, chairman of the Wharton School Insurance Department, about conducting a study on risk classification in life insurance. The ACLI was concerned about legislative and judicial activity in this area and its potential effects on the life insurance industry. A meeting was held at the ACLI offices in Washington, D.C., between several members of the ACLI staff and Dan McGill and David Cummins representing the Wharton School insurance department. An agreement was reached that a study would be conducted at Wharton dealing with issues in risk classification. Although the staff of the ACLI suggested directions the study might take, it was agreed that the design and execution of the study would be solely under the control of the researchers. The researchers also retained unrestricted publication rights in the results of the study. This agreement has been honored by the ACLI during the course of the project.

Keywords

design distribution insurance insurance industry meeting pricing probability research value-at-risk

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-017-2911-6
  • Copyright Information Springer Science+Business Media B.V. 1983
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-90-481-5811-9
  • Online ISBN 978-94-017-2911-6
  • Series Print ISSN 0924-5014
  • Buy this book on publisher's site