scholarly journals INSURANCE RISK WITH VARIABLE NUMBER OF POLICIES

2008 ◽  
Vol 22 (2) ◽  
pp. 213-219
Author(s):  
Ivo Adan ◽  
Vidyadhar Kulkarni
Keyword(s):  
Life Insurance ◽  
Poisson Model ◽  
Variable Number ◽  
Insurance Fund ◽  
Insurance Company ◽  
Insurance Risk ◽  
Constant Rate ◽  
Remarkable Result ◽  
New Policies ◽  
The One

In this article we consider an insurance company selling life insurance policies. New policies are sold at random points in time, and each policy stays active for an exponential amount of time with rate μ, during which the policyholder pays premiums continuously at rate r. When the policy expires, the insurance company pays a claim of random size. The aim is to compute the probability of eventual ruin starting with a given number of policies and a given level of insurance fund. We establish the remarkable result that the ruin probability is identical to the one in the standard compound Poisson model where the insurance fund increases at constant rate r and claims occur according to a Poisson process with rate μ.

scholarly journals A STUDY ON PREFERENCE OF POLICYHOLDERS ABOUT PUBLIC AND PRIVATE LIFE INSURANCE COMPANIES IN TIRUNELVELI DISTRICT

2018 ◽  
Vol 6 (4) ◽  
pp. 105-110
Author(s):  
I. Meenakshi
Keyword(s):  
Public Sector ◽  
Life Insurance ◽  
Private Insurance ◽  
Marketing Strategies ◽  
Private Life ◽  
Insurance Companies ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Public And Private ◽  
New Policies

There are currently, a total of 24 life insurance companies in India. Of these, Life Insurance Corporation of India (LIC) is the only public sector insurance company. All others are private insurance companies. The Life Insurance Corporation of India (LIC) is the largest life insurance company in India and also the country's largest investor. More and more new private insurance companies are coming up year after year. And, these new and private life insurance companies adopt aggressive marketing strategies to introduce their products and to tap the potential policyholders. It is witnessed that new policies like ULIPs are introduced by these new private life insurance companies. It is in this concept this study has been undertaken to assess and analyze the preference of policyholders towards insurance services offered by public and private life insurance companies in Tirunelveli district.

Blood pressure among standard lives

1939 ◽  
Vol 70 (1) ◽  
pp. 60-64 ◽  
Author(s):  
Arthur Hunter
Keyword(s):  
Blood Pressure ◽  
New York ◽  
Life Insurance ◽  
Insurance Company ◽  
Life Insurance Company ◽  
New Policies

There are so many phases of the problem of blood pressure that I shall limit myself to dealing with a recent investigation of the mortality on lives accepted as “standard risks” by the New York Life Insurance Company.The experience investigated was that of new policies issued from 1925 to 1936, inclusive, observed from entry until the anniversaries of the policies in 1937. The investigation was by policies and was divided into two groups, (a) those in which there was no impairment, and (b) those in which there appeared minor impairments but not of sufficient moment to place the policyholders in a substandard group. The expected deaths were obtained according to the company's standard experience for the same years of issue and exposure. The total number of policies emerging by death was 9552.

scholarly journals ANALYSIS OF THE MAIN INDICATORS OF THE INSURANCE COMPANY’S FINANCIAL STABILITY USING SIMULATION MODELLING

2019 ◽  
Keyword(s):  
Simulation Model ◽  
Life Insurance ◽  
Financial Stability ◽  
Simulation Modelling ◽  
Insurance Companies ◽  
Insurance Fund ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Mathematical Methods ◽  
Financial Condition

The purpose of insurance is to accumulate funds to fulfill obligations to its clients, as well as to invest further in the expansion of insurance activities and the development of the country's economy. The success of insurance companies depends to a large extent on their financial status, that is, financial stability and solvency. The financial condition of an insurance company is characterized by the indicators that describe its ability to develop and successfully operate in a competitive market environment. The stable financial condition of the insurer is a guarantee of development in the conditions of the market economy and an insurance of the stability of the development of the insurance market in the country. The purpose of this research is to assess the financial stability of a non-life insurance company and to analyze the main factors affecting it with the use of computer simulation modelling. The simulation model covers the main processes of the non-life insurance company and is based on the application of financial analysis methods, economic and mathematical methods, and modern simulation technologies. Based on the simulation model, the financial stability of the insurance company is assessed, namely the analysis of the insurance company’s profitability, income, expenses, indicators of profitability; the coefficients of financial stability of the insurance fund and the level of insurance reserves for the analysis of the adequacy of the insurance fund are calculated; the actual and normative solvency margin is calculated for controlling the fulfillment of solvency conditions; the solvency ratio (autonomy) is calculated; the equity ratio is calculated and an analysis of the adequacy of equity is carried out. The developed simulation model can be used to increase the level of planning and analytical reporting, to improve methods of conducting insurance operations, to plan and forecast the activity, and to increase the validity of managerial decisions.

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).

The one-year non-life insurance risk

2009 ◽  
Vol 45 (2) ◽  
pp. 203-208 ◽  
Author(s):  
Esbjörn Ohlsson ◽  
Jan Lauzeningks
Keyword(s):  
Life Insurance ◽  
Insurance Risk ◽  
One Year ◽  
The One

scholarly journals Geometric-Gamma Collective Modified Value-at-Risk Model in Life Insurance Risk

2018 ◽  
Vol 7 (3.20) ◽  
pp. 372
Author(s):  
Muhammad Iqbal Al-Banna Ismail ◽  
Sukono . ◽  
Abdul Talib BIN Bon ◽  
Yuyun Hidayat ◽  
Eman Lesmana ◽  
...  
Keyword(s):  
At Risk ◽  
Life Insurance ◽  
Value At Risk ◽  
Risk Model ◽  
Risk Measure ◽  
Insurance Companies ◽  
Insurance Company ◽  
Insurance Risk ◽  
Collective Risk Model ◽  
Collective Risk

Claim risk is a payment made by the insurance company to the policyholder. Actuaries in insurance companies should be able to measure and control the risk of claims, in order to avoid losses to insurance companies. In this paper we analyze the Geometric-Gamma Collective Modified Value-at-Risk model in life insurance risk. In this research, there is a development of claim risk measure called Collective Modified Value-at-Risk, which is an extension of Collective Risk model. This Collective Modified Value-at-Risk model requires estimation of the mean, variance, skewness, and kurtosis parameters. The result of this research, is that the extent of this model can be applied to the risk of claims amount of non-normal distributed. Thus, the Collective Modified Value-at-Risk model can serve as one of the statistical alternatives for measuring the risk of claims on life insurance.  

scholarly journals A Quantum-Type Approach to Non-Life Insurance Risk Modelling

Risks ◽  
2018 ◽  
Vol 6 (3) ◽  
pp. 99 ◽  
Author(s):  
Claude Lefèvre ◽  
Stéphane Loisel ◽  
Muhsin Tamturk ◽  
Sergey Utev
Keyword(s):  
Life Insurance ◽  
Claim Data ◽  
Matrix Formalism ◽  
Insurance Company ◽  
Learning Tools ◽  
Insurance Risk ◽  
Risk Modelling ◽  
Dirac Matrix ◽  
Quantum Observables ◽  
Path Integral Method

A quantum mechanics approach is proposed to model non-life insurance risks and to compute the future reserve amounts and the ruin probabilities. The claim data, historical or simulated, are treated as coming from quantum observables and analyzed with traditional machine learning tools. They can then be used to forecast the evolution of the reserves of an insurance company. The following methodology relies on the Dirac matrix formalism and the Feynman path-integral method.

Tuesday Evening

PMLA ◽  
1935 ◽  
Vol 50 (4) ◽  
pp. 1357-1357
Keyword(s):  
Life Insurance ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Local Committee ◽  
Tuesday Evening

On Tuesday evening the members of the Association, and attending members of their families, were entertained with a buffet supper at the Queen City Club at 7:30 p.m. at the invitation of Messrs. Joseph S. Graydon, John J. Rowe, and other Cincinnati friends of the Association. Following this supper an entertainment arranged by the Local Committee was presented in the Hall of the Western and Southern Life Insurance Company. Attendance: about 900.

Hr Practices And Hr Policies At Icici Prudential Life Insurance Company Ltd

Think India ◽  
2019 ◽  
Vol 22 (3) ◽  
pp. 348-354
Author(s):  
T. Krishna Veni ◽  
G. Kalyani
Keyword(s):  
Human Resources ◽  
Life Insurance ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Hr Practices ◽  
Commercial Center

The job of Human Resources is changing as quick as innovation and the worldwide commercial center. Generally, the HR Department was seen as organization, kept individual documents and different records, dealt with the enlisting procedure, and gave other authoritative help to the business. Those circumstances are different. The positive consequence of these progressions is that HR experts have the chance to assume a progressively vital job in the business. The test for HR chiefs is to stay up with the latest with the most recent HR developments—mechanical, lawful, and something else.

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