Lapses in concentration

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Par Jennifer Smith, Neil Cantle | 06 juillet 2017
A range of factors interact to influence lapse behaviour. Yet this is typically not taken into account directly when setting assumptions. This report sets out the methodology and results of Milliman’s research investigation into the use of advanced systems mining techniques to determine how lapse experience for long-term insurance business might change according to the prevailing dynamics within the business and due to uncontrollable external factors.