In an insurance company, the extremely costly as to the input of personnel task of dealing with defaulting premium payers. – The industry has developed a number of steps for dealing with defaulting premium payers, culminating in the cancellation of the policy. – Particularly in life insurance, arrears and outstanding payments on the part of policyholders are disadvantageous, because appropriately measured discounts on the pool must then be calculated in the course of any embedded value securitization. – See customer, lazy, retrocession, risk sharing, securitization.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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