loi de chute

English translation: policy lapse rate/premium discontinuance rate

18:55 May 27, 2019
French to English translations [PRO]
Bus/Financial - Insurance / loi de chute
French term or phrase: loi de chute
Le portefeuille BtoC est modélisé par millésime de production auquel est appliqué une ***loi de chute*** issue des statistiques historiques pour projeter le nombre d’assurés année par année.

"Chute" appears elsewhere in the text, which I've translated as customer attrition, churn, and lost business, depending on the context. This "loi" business, however, has me scratching my head. A google search reveals very specialized insurance-related academic sources. I've even found a definition here: http://telecom.sia-partners.com/itineraire-digital-2016-Sant... (estimation de la rupture de la relation commerciale). But how do you say it in proper English?
tatyana000
Local time: 14:42
English translation:policy lapse rate/premium discontinuance rate
Explanation:

Andres’s HAL ref. (https://halshs.archives-ouvertes.fr/halshs-00653427/document... has this :
D'autres éléments devront être pris en compte tels que les bénéfices financiers et les abandons de contrat (chutes)… Un autre élément doit être mentionné : celui de l'abandon du paiement des primes par certains assurés. On parle aussi de ``chutes".
This is in line with your own rupture de la relation commerciale.

I'll let native speakers decide if loi should be translated by "law". I was thinking of "rate" (as in: the rate at which things - people not paying their insurance premiums - happen).

Not paying your insurance premium means you let the policy lapse (no cover and what you have already paid is lost to you). What about “policy lapse rate” ?

For ex.
"Lapse Rate - The rate at which life insurance policies terminate because of failure to pay the premiums. "
(https://www.dfs.ny.gov/consumer/cli_gloss.htm)
or:
"Lapse Definition - Investopedia
https://www.investopedia.com › Trading › Trading Instruments
21 mai 2019 - A lapse is the cessation of a privilege, right or policy due to time or inaction.

Prudential has also something called « premium discontinuance charge » (https://www.iciciprulife.com/insurance-library/ulips/ulips-c... It isn’t quite the same thing, but it is about not paying premiums and shows "premium discontinuance" could also be part of the solution. “Premium discontinuance rate”?


Selected response from:

Ph_B (X)
France
Local time: 14:42
Grading comment
Thanks! I think this comes closest to what I was looking for. I wound up using "attrition rule" because "chutes" covers lapses as well as customers switching insurers.
4 KudoZ points were awarded for this answer



Summary of answers provided
3policy lapse rate/premium discontinuance rate
Ph_B (X)
1mortality forecasting longevity deceleration model
andres-larsen
Summary of reference entries provided
hypothèses de lois de chute (comme la mortalité et le rachat) / abandons de contrat (chutes)
andres-larsen

  

Answers


2 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5
mortality forecasting longevity deceleration model


Explanation:
mortality forecasting longevity deceleration model

sources:

Longevity risk and annuity pricing with the Lee-Carter model
https://www.actuaries.org.uk/.../longevity-risk-and-annuity-...
SJ Richards - ‎
Longevity Risk; Lee-Carter; Mortality Projections; Smoothing; Model Risk; ... of ages 40 to 89, which is most relevant for insurance products sold around.

Do actuaries believe in longevity deceleration? - Semantic Scholar
https://pdfs.semanticscholar.org/.../24241315227f67635c1e21a...
E Debonneuil - ‎
Lee Carter uses the same mortality improvements for the future as in the past; does ... than in the past leads to life expectancy deceleration when improvements decrease by age .... models. Insurance: Mathematics and Economics 48; 355-367.

Do actuaries believe in longevity deceleration? - Archive ouverte HAL
https://hal.archives-ouvertes.fr/hal-01219270v2/document
E Debonneuil - ‎2015 - ‎
5 ago. 2017 - thereby reducing the longevity deceleration of the Lee-Carter model. ... The actuarial mortality tables are those commonly used in insurance ...

Modelling Longevity Dynamics for Pensions and Annuity Business
https://books.google.com/books?isbn=0199547270 -
Ermanno Pitacco, ‎Michel Denuit, ‎Steven Haberman - 2009 - ‎Business & Economics
Deceleration in the age pattern of mortality at older ages. ... Evaluating and extending the Lee–Carter model for mortality forecasting: Bootstrap confidence ...

Evaluation of the Kou-Modified Lee-Carter Model in Mortality ... - MDPI
https://www.mdpi.com/2227-9091/6/4/123/pdf
M Alijean - ‎2018 - ‎
20 oct. 2018 - Cairns-Blake-Dowd model, the classical Lee-Carter model and the ... factor involved in the actuarial estimates of insurance and pension products whose ... These contracts act as an effective hedge to mortality and longevity.

A Comparison between General Population Mortality and Life Tables ...
https://rio.upo.es/xmlui/bitstream/.../2180-6787-1-SM.pdf?..... -
A Ornelas - ‎2013 - ‎
We fit a Lee-Carter model, ... mortality tables used by insurance companies in Mexico. ... Keywords: mortality rates; Lee-Carter; longevity dynamics; Brass-type ... The deceleration in the life expectancy rate can be attributed to the fact that.

andres-larsen
Venezuela
Local time: 08:42
Native speaker of: Native in EnglishEnglish
Login to enter a peer comment (or grade)

17 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
policy lapse rate/premium discontinuance rate


Explanation:

Andres’s HAL ref. (https://halshs.archives-ouvertes.fr/halshs-00653427/document... has this :
D'autres éléments devront être pris en compte tels que les bénéfices financiers et les abandons de contrat (chutes)… Un autre élément doit être mentionné : celui de l'abandon du paiement des primes par certains assurés. On parle aussi de ``chutes".
This is in line with your own rupture de la relation commerciale.

I'll let native speakers decide if loi should be translated by "law". I was thinking of "rate" (as in: the rate at which things - people not paying their insurance premiums - happen).

Not paying your insurance premium means you let the policy lapse (no cover and what you have already paid is lost to you). What about “policy lapse rate” ?

For ex.
"Lapse Rate - The rate at which life insurance policies terminate because of failure to pay the premiums. "
(https://www.dfs.ny.gov/consumer/cli_gloss.htm)
or:
"Lapse Definition - Investopedia
https://www.investopedia.com › Trading › Trading Instruments
21 mai 2019 - A lapse is the cessation of a privilege, right or policy due to time or inaction.

Prudential has also something called « premium discontinuance charge » (https://www.iciciprulife.com/insurance-library/ulips/ulips-c... It isn’t quite the same thing, but it is about not paying premiums and shows "premium discontinuance" could also be part of the solution. “Premium discontinuance rate”?




Ph_B (X)
France
Local time: 14:42
Specializes in field
Native speaker of: French
PRO pts in category: 28
Grading comment
Thanks! I think this comes closest to what I was looking for. I wound up using "attrition rule" because "chutes" covers lapses as well as customers switching insurers.
Login to enter a peer comment (or grade)




Reference comments


1 hr
Reference: hypothèses de lois de chute (comme la mortalité et le rachat) / abandons de contrat (chutes)

Reference information:
M. - Ressources actuarielles
www.ressources-actuarielles.net/.../Mémoire%20BERNE%20Ophé...
Merci à l'ensemble de mes collègues actuaires de la Fonction actuarielle, qui se sont ...... Les hypothèses de lois de chute (comme la mortalité et le rachat) ...

tarification, provisionnement et pilotage d'un portefeuille ... - HAL-SHS
https://halshs.archives-ouvertes.fr/halshs-00653427/document
MP Deléglise - ‎2009 - ‎
19 dic. 2011 - abandons de contrat (chutes), assez fréquents pour ce type de risque, ces deux ... complète ces scénarios par des hypothèses sur l'évolution des taux d'intérêt. ..... La loi de mortalité de la SCOR apparaît donc comme plus prudente que celle de la ...... À cet égard, le terme de ``rachat" serait donc impropre.

Orientations Nationales Complémentaires aux Spécifications ... - L'Acpr
https://acpr.banque-france.fr/sites/.../20130527-onc-2013_0....
27 may. 2013 - les hypothèses de rachat (voir infra) et/ou de mortalité, .... deux lois de rachat sont proposées pour l'exercice de préparation ; l'une correspondant à un .... Comme pour le calcul du Best Estimate en assurance ...... Réponse : Toutes les causes de chute des contrats doivent effectivement être prises en ...

--------------------------------------------------
Note added at 2 hrs (2019-05-27 20:59:04 GMT)
--------------------------------------------------

tarification, provisionnement et pilotage d'un portefeuille ... - HAL-SHS
https://halshs.archives-ouvertes.fr/halshs-00653427/document
MP Deléglise - ‎2009 -
19 dic. 2011 - MOTS-CLÉS : Assurance dépendance, incidence, prévalence, tables prospectives, provisions techniques, bénéfices financiers, loi de chute. 1.

andres-larsen
Venezuela
Native speaker of: Native in EnglishEnglish
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search