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생명보험산업에서 상품 판매비중과 금리가 해약률에 미치는 영향에 관한 연구An empirical study on the influence of product portfolio and interest rate on the lapse rate in the life insurance industry
- Other Titles
- An empirical study on the influence of product portfolio and interest rate on the lapse rate in the life insurance industry
- Issue Date
- 2011
- Publisher
- 한국데이터정보과학회
- Keywords
- Fixed-effect model; lapse rate; life insurance; random-effect model; 고정효과모형; 생명보험; 확률효과모형; 해약률
- Citation
- 한국데이터정보과학회지, v.22, no.1, pp.73 - 80
- Journal Title
- 한국데이터정보과학회지
- Volume
- 22
- Number
- 1
- Start Page
- 73
- End Page
- 80
- ISSN
- 1598-9402
- Abstract
- The purpose of this study is to analyse the influence of product portfolio and interest rate on the lapse ratio. This issue is very important because of the recent introduction of IFRS and CFP. The fixed-effect model and the random-effect model are estimated with using panel data and the Hausman test is employed in order to select a model. The results of this study is summarized as follows. Firstly, the random effect model is selected. According to the model, the lapse rate increases as the portfolio of savings plan, sickness, and death increases and the interest rate is high. Secondly, health insurance and variable insurance product show a negative relationship with the lapse rate.
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Collections - College of Business Management > Finance and Insurance Major > 1. Journal Articles
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Related Researcher
- Jung, Se Chang
- College of Business Management (Finance & Insurance)