Integrating Data Mining and AHP for Life Insurance Product Recommendation

2011 ◽  
pp. 596-602 ◽  
Author(s):  
Pradeep Kumar ◽  
Dilbag Singh
Keyword(s):  
Data Mining ◽  
Life Insurance ◽  
Product Recommendation ◽  
Insurance Product

scholarly journals Review On Application of Data Mining in Life Insurance

2018 ◽  
Vol 7 (4.5) ◽  
pp. 159
Author(s):  
Vaibhav A. Hiwase ◽  
Dr. Avinash J Agrawa
Keyword(s):  
Risk Factors ◽  
Data Mining ◽  
Life Insurance ◽  
Insurance Industry ◽  
Feature Space ◽  
Machine Learning Techniques ◽  
High Dimensional ◽  
Insurance Company ◽  
Financial Loss ◽  
Life Insurance Company

The growth of life insurance has been mainly depending on the risk of insured people. These risks are unevenly distributed among the people which can be captured from different characteristics and lifestyle. These unknown distribution needs to be analyzed from        historical data and use for underwriting and policy-making in life insurance industry. Traditionally risk is calculated from selected     features known as risk factors but today it becomes important to know these risk factors in high dimensional feature space. Clustering in high dimensional feature is a challenging task mainly because of the curse of dimensionality and noisy features. Hence the use of data mining and machine learning techniques should experiment to see some interesting pattern and behaviour. This will help life insurance company to protect from financial loss to the insured person and company as well. This paper focuses on analyzing hidden correlation among features and use it for risk calculation of an individual customer.  

scholarly journals Tanggung Jawab Hukum Perjanjian Asuransi Jiwa Unit Link di PT. Prudential Life Assurance Jakarta

Wajah Hukum ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 61
Author(s):  
Christine Magdalena Kurniasih Sena ◽  
Suherman Suherman
Keyword(s):  
Life Insurance ◽  
Financial Services ◽  
Legal Liability ◽  
Voluntary Agreement ◽  
Legal Research ◽  
Conceptual Approach ◽  
Life Assurance ◽  
Insurance Product ◽  
Circular Letter ◽  
Insurance Agreement

This study aims to determine and understand how the legal liability of the Prudential Life Assurance Company in carrying out and marketing unit-linked life insurance products, namely insurance products that are linked to investment according to the prevailing laws and regulations. In addition, this study also aims to determine how the responsibility of agent who act for and on behalf of the company in entering into unit-linked insurance product agreements and what risks must be borne by the insurer and the insured against the unit-linked life insurance agreement. This research uses normative legal research with a statutory approach and a conceptual approach. The result of this research is that the unit linked insurance agreement is included in the agreement in general which contains the principle of consensualism, namely the existence of a voluntary agreement in this case to enter into an insurance contract agreement between the insurer and the insured. Prudential Indonesia in marketing unit-linked life insurance products has also complied with the provisions in the Financial Services Authority Circular Letter Number /SEOJK.05/2019 concerning Insurance Products Related to Investment.

scholarly journals Product Recommendation Based on Customer Behaviour using Data Mining

IJARCCE ◽  
2014 ◽  
Vol 6 (4) ◽  
pp. 770-772
Author(s):  
Sourabh Joshi ◽  
Pranav Phate ◽  
Naman Jain ◽  
Abhijeet R. Raipurkar
Keyword(s):  
Data Mining ◽  
Product Recommendation ◽  
Customer Behaviour ◽  
Using Data

Variable Life Insurance Product Design

1971 ◽  
Vol 38 (4) ◽  
pp. 527
Author(s):  
Walter N. Miller
Keyword(s):  
Product Design ◽  
Life Insurance ◽  
Insurance Product

scholarly journals PENGELOLAAN DANA TABARRU’ ASURANSI JIWA SYARIAH DALAM PEMBIAYAAN MURABAHAH DI BANK SUMSEL BABEL CABANG SYARIAH BATURAJA

2017 ◽  
Vol 13 (1) ◽  
pp. 25-38
Author(s):  
Muhammad Iqbal
Keyword(s):  
Life Insurance ◽  
Research Method ◽  
Qualitative Method ◽  
Islamic Law ◽  
Insurance Fund ◽  
Insurance Company ◽  
Operational Principle ◽  
Insurance Product ◽  
Conducting Research ◽  
Modern Era

The existence of insurance in the modern era which is the embryo of conventional insurance based gharar, maysir, and usury ', making Islamic legal experts react by conducting research and analysis of the issue. The result proves that in Islamic law contains substance of insurance which can avoid the operational principle of gharar, maysir, and usury element '. This study aims to explain how the management of tabarru funds' sharia life insurance in murabahah financing in Bank Sumsel Babel Branch Sharia Baturaja. Insurance company that made the object of research is PT. Asuransi Bangun Askrida Unit Syariah. The research method used is descriptive qualitative method. The results concluded that the Management of Tabarru 'Sharia Life Insurance Fund PT. Asuransi Bangun Askrida Syariah Palembang Unit in Murabahah Financing at Bank Sumsel Babel Branch Sharia Baturaja uses insurance product mechanism with non saving element which separates the contribution fund into two parts, that is 42,5% for ujrah manager, and 57,5% for investment of tabarru fund '. If there is an underwriting surplus at the end of the period closing, it will be allocated 30% for Managers, 30% for tabarru 'funds reserves, and 40% for Participants who meet the requirements of obtaining surplus incentives. However, if there is an underwriting deficit in the management of the tabarru funds 'funds, the Insurance Company is obliged to cope with the shortage of tabarru' funds in the form of loans (qardh).

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