Who is Changing Health Insurance Coverage? Empirical Evidence on Policyholder Dynamics
Long-term health insurance contracts provide policyholders with the option of lapsing coverage or switching to another tariff within the same insurance company. We empirically analyze policyholder behavior regarding contract commitment in a large data set of German private health insurance contracts...
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| Veröffentlicht in: | The Journal of risk and insurance 2016-06, Vol.83 (2), p.269-300 |
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| container_end_page | 300 |
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| container_title | The Journal of risk and insurance |
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| creator | Christiansen, Marcus C. Eling, Martin Schmidt, Jan-Philipp Zirkelbach, Lorenz |
| description | Long-term health insurance contracts provide policyholders with the option of lapsing coverage or switching to another tariff within the same insurance company. We empirically analyze policyholder behavior regarding contract commitment in a large data set of German private health insurance contracts. We show that short-term as well as long-term premium development, along with premium adjustment frequency, affect lapse and tariff switch rates. Moreover, the sales channel has a strong impact on switching behavior, indicating that policyholder choice is not fully independent of sales representatives. Our results are important for risk assessment and risk management of portfolios of health insurance contracts and provide better understanding of the dynamics of policyholder behavior in health insurance. |
| doi_str_mv | 10.1111/jori.12053 |
| format | Article |
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Moreover, the sales channel has a strong impact on switching behavior, indicating that policyholder choice is not fully independent of sales representatives. 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Our results are important for risk assessment and risk management of portfolios of health insurance contracts and provide better understanding of the dynamics of policyholder behavior in health insurance.</description><subject>Age groups</subject><subject>Analysis</subject><subject>Claims adjustment</subject><subject>Health insurance</subject><subject>Insurance companies</subject><subject>Insurance coverage</subject><subject>Insurance premiums</subject><subject>Lapse rate</subject><subject>Life insurance</subject><subject>Management</subject><subject>Policyholders</subject><subject>Risk premiums</subject><subject>Tariffs</subject><issn>0022-4367</issn><issn>1539-6975</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2016</creationdate><recordtype>article</recordtype><sourceid>N95</sourceid><recordid>eNp9kd9v0zAQxy0EEmXwwjuSJd4QKf4Rx8kTmkq3FU1s2gZDvFiO7SQuqV3sZND_HpfCxqRqZ-ks-T7fO_m-ALzEaIpTvFv6YKeYIEYfgQlmtMqKirPHYIIQIVlOC_4UPItxiRDiqKwm4Mt156GNcNZJ11rXwhMj-6GDCxfHIJ0ycOZvTJCteQ_nq7UNVskezm-sNtuid_Dc91ZtOt9rE-CHjZMrq-Jz8KSRfTQv_t4H4PPR_Gp2kp2eHS9mh6eZYpzQzHCilG6Ksq5LzqpSqUbXjOUM80bmXGNNkCFKNoSRRrGcY1rUUhc5ZxpXOqcH4PWu7zr4H6OJg1j6Mbg0UhCECkI4ZeSOamVvhHWNH4JUKxuVOMyrBCJSokRle6jWuPT93jvT2PR8j5_u4dPRJq1gr-Dtf4J6jNaZmFK0bTfEVo4x3sff7HAVfIzBNGId7EqGjcBIbN0WW7fFH7cTjHfwzzR08wApPp5dLP5pXu00yzj4cKvJaVWVpKB3C7FxML9u6zJ8FwWnnInrT8eCkW9HXy_PuaD0NyFswqs</recordid><startdate>201606</startdate><enddate>201606</enddate><creator>Christiansen, Marcus C.</creator><creator>Eling, Martin</creator><creator>Schmidt, Jan-Philipp</creator><creator>Zirkelbach, Lorenz</creator><general>Blackwell Publishing Ltd</general><general>Wiley Periodicals, Inc</general><general>American Risk and Insurance Association, Inc</general><scope>BSCLL</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>N95</scope><scope>XI7</scope><scope>K9.</scope></search><sort><creationdate>201606</creationdate><title>Who is Changing Health Insurance Coverage? 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| fulltext | fulltext |
| identifier | ISSN: 0022-4367 |
| ispartof | The Journal of risk and insurance, 2016-06, Vol.83 (2), p.269-300 |
| issn | 0022-4367 1539-6975 |
| language | eng |
| recordid | cdi_proquest_journals_2006227352 |
| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete; JSTOR |
| subjects | Age groups Analysis Claims adjustment Health insurance Insurance companies Insurance coverage Insurance premiums Lapse rate Life insurance Management Policyholders Risk premiums Tariffs |
| title | Who is Changing Health Insurance Coverage? Empirical Evidence on Policyholder Dynamics |
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