. Furthermore, we study the impact of customer reaction to default risk on an insurer's optimal solvency level using our … management activities undertaken to achieve the maximum solvency level …

. Furthermore, we study the impact of customer reaction to default risk on an insurer's optimal solvency level using our … management activities undertaken to achieve the maximum solvency level …

complex interplay of mortality perception and demand for risk reduction. We observe that perceived annual mortality positively … affects the demand for risk reduction. Moreover, we find certain risk characteristics to affect perceived mortality, others to … are due to biased perceptions of annual mortality while perfect precaution could lower payments by 45 percent …