Right to be forgotten for mortgage insurance issued to cancer survivors: critical assessment and new proposal

Antoine Soetewey, Catherine Legrand, Michel Denuit and Geert Silversmit
Additional contact information
Antoine Soetewey: Université catholique de Louvain, LIDAM/ISBA, Belgium
Catherine Legrand: Université catholique de Louvain, LIDAM/ISBA, Belgium
Michel Denuit: Université catholique de Louvain, LIDAM/ISBA, Belgium
Geert Silversmit: Belgian Cancer Registry

No 2023035, LIDAM Discussion Papers ISBA from Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA)

Abstract: Soetewey et al. (2021) proposed to determine the waiting period opening the right to be forgotten (RTBF) as the time after diagnosis needed for the premium to revert back to some acceptable level expressed by means of regulatory life tables. However, this approach requires data up to 30 years after diagnosis (10 years of standard RTBF plus the typical duration of the loan), or extrapolating the results up to that time horizon. When survival statistics are only available over a shorter duration, it turns out that the results may strongly depend on the extrapolation method. This is why an alternative method is proposed here, based on a constraint imposed to the premium. This constraint is then transposed into a target on the conditional observed survival and the waiting period follows. For the sake of robustness, results obtained with the proposed approach are compared to results obtained with Kaplan-Meier estimate taken as a non-parametric reference. Furthermore, the paper investigates the impact of the stage of the tumor at diagnosis on waiting periods.

Keywords: Term insurance; impaired lives; waiting period; home loan; cancer stage at diagnosis (search for similar items in EconPapers)
Pages: 28
Date: 2023-12-04
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://dial.uclouvain.be/pr/boreal/en/object/bore ... tastream/PDF_01/view (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aiz:louvad:2023035

Access Statistics for this paper

More papers in LIDAM Discussion Papers ISBA from Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA) Voie du Roman Pays 20, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Nadja Peiffer ().