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Lapse triangle (life insurance)

S

silverflute

Member
Hi all,

My colleagues at work told me the US (SOA) education system teaches the lapse cycle/triangle. Any idea of whether this will be covered in the ST subjects? The discontinuance chapter in subject CA1 doesn't cover lapse triangle.

I just finished the CT subjects, not knowing about the lapse cycle put me in a disadvantage at work. Been doing UAT on a lapse report following a product revamp.

Grateful if anyone can shed some light.

Many thanks in advance.
 
Is a lapse triangle the same as a run off triangle? If so, it's covered in CT6.
 
I think it's related to the policydate. It maybe related to the stages (if any) between a policy remaining inforce and the time it actually lapses. Note sure if it's related to how a policy contributes to the exposure when determining the lapse rate.
 
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