Risk/return/retention efficient frontier discovery through evolutionary optimization for non-life insurance portfolio
Risk/return/retention efficient frontier discovery through evolutionary optimization for non-life insurance portfolio
Policyholder capability to easily and promptly change their insurance cover, in terms of contract conditions and provider, has substantially increased during last decades due to high market competency levels and favourable regulations. Consequently, policyholder behaviour modelling acquired increasing attention since being able to predict costumer reaction to future market’s fluctuations and company’s decision achieved a pivotal role within most mature insurance markets. Integrating existing mod