Life insurance companies are more and more interested in creating ex- ible policies in order to reach more specic segments of the market than in the past. They can induce the agents to sell a personalized policy to a specic class of clients selecting for them an appropriate reward; in this case we have an optimization problem connected to the reward of the agent. In this paper, the Leader-Follower game is proposed as a model to study the hierarchical re- lationship between the company and the agent and it is applied to a particular case of unit-linked policy.
The concept of a suitable insurance policy using leader-follower games / I.Colivicchi; F.Mignanego; S.Mulinacci. - In: INTERNATIONAL JOURNAL OF MATHEMATICS GAME THEORY AND ALGEBRA. - ISSN 1099-1859. - STAMPA. - 19 Issue 5-6:(2010), pp. 439-454.
The concept of a suitable insurance policy using leader-follower games
COLIVICCHI, ILARIA;
2010
Abstract
Life insurance companies are more and more interested in creating ex- ible policies in order to reach more specic segments of the market than in the past. They can induce the agents to sell a personalized policy to a specic class of clients selecting for them an appropriate reward; in this case we have an optimization problem connected to the reward of the agent. In this paper, the Leader-Follower game is proposed as a model to study the hierarchical re- lationship between the company and the agent and it is applied to a particular case of unit-linked policy.File | Dimensione | Formato | |
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