“…[9,20,38], which allows to relax the common assumption of identically distributed and independent data in sequential settings. In practice, we find numerous examples and areas of application including, but not limited to, medicine [4,45], finance [11,22], strategic planning processes [18,39,48,49] and natural language processing [8,33,53]. In the particular case of life insurance, Markov processes and the related transition probabilities between states lie at the core of the business for managing and pricing risk, see e.g.…”