scholarly journals PENENTUAN NILAI PREMI ASURANSI PERTANIAN BERBASIS INDEKS SUHU PERMUKAAN MENGGUNAKAN METODE BURN ANALYSIS

2018 ◽  
Vol 7 (4) ◽  
pp. 322
Author(s):  
A.A DWI MARSITA ANGGRAENI ◽  
KOMANG DHARMAWAN ◽  
DESAK PUTU EKA NILAKUSMAWATI
Keyword(s):  
Risk Management ◽  
Surface Temperature ◽  
Insurance Premium ◽  
Analysis Method ◽  
Agricultural Insurance ◽  
Temperature Index ◽  
Premium Payment ◽  
Long Run ◽  
Related Risk ◽  
Climate Parameter

Temperature is an important factor in the production of agricultural commodities. For this reason, goverments needs to protect farmers in order to continue their farming. Climate-based agricultural insurance is an alternative to climate-related risk management. Insurance premium is given when the temperature index lower than the pre determined trigger index. The purpose of this study is to determine the stages and assumptions in determining the value of agricultural insurance premiums based on surface temperature index on cocoa commodities using the method of burn analysis. The temperature index was determined using the burn analysis method with the temperature as the climate parameter. Trigger values ??are determined based on long run times. In this paper, the result is that when the temperature index lower than the determined trigger value, trigger payments as much as Rp.10.931.960,40 / Ha based on trigger index as many 26.145 ° C, so amount of premium payment equals Rp 215.776.

scholarly journals PERHITUNGAN HARGA PREMI ASURANSI PERTANIAN YANG BERBASIS INDEKS CURAH HUJAN MENGGUNAKAN METODE BLACK SCHOLES

2017 ◽  
Vol 6 (2) ◽  
pp. 161 ◽  
Author(s):  
IDA AYU GDE KHASMANA PUTRI ◽  
KOMANG DHARMAWAN ◽  
NI KETUT TARI TASTRAWATI
Keyword(s):  
Risk Management ◽  
Agricultural Sector ◽  
Management Tool ◽  
Agricultural Insurance ◽  
High Rainfall ◽  
Premium Payment ◽  
Rainfall Index ◽  
Black Scholes ◽  
As If

Agricultural insurance is insurance in the agricultural sector which is relatively new introduced in Indonesia. Agricultural insurance is based on a rainfall index.  It is a risk management tool that is relatively new in Indonesia. This study was purposed to determine the steps required in determining the value of the rainfall index on agricultural insurance and calculating the contract value of agricultural insurance which had to be paid on the agricultural insurance that is on rainfall index-based by using Black-Scholes method. The result of this research are if the amount of rainfall was 130,4 mm so the amount of premium payment equals Rp. 60.694, as well as if the amount of high rainfall was 179,9  mm so the amount of premium payment equals Rp.902.760.

scholarly journals PENENTUAN NILAI PREMI ASURANSI PERTANIAN PADA KOMODITAS KOPI BERBASIS HARGA INTERNASIONAL MENGGUNAKAN MODEL MEAN REVERSION DENGAN LOMPATAN

2017 ◽  
Vol 6 (4) ◽  
pp. 253
Author(s):  
INTAN LESTARI ◽  
KOMANG DHARMAWAN ◽  
DESAK PUTU EKA NILAKUSMAWATI
Keyword(s):  
Monte Carlo Simulation ◽  
Monte Carlo ◽  
Production Cost ◽  
Mean Reversion ◽  
Jump Diffusion ◽  
Insurance Premium ◽  
Agricultural Insurance ◽  
Premium Payment ◽  
International Prices ◽  
Search Data

Agricultural insurance with the interantional price is new insurance in Indonesia. The international insurance premium is given if the international prices lower than the determined trigger value. The purpose of this study is to presents the steps needed to determine the premium value of the agricultural insurance. The steps are to search data of the international prices and local prices commodity coffee, calculate the return of both data, calculate descriptive statistic, calculate correlation between international prices of commodity coffee and local prices commodity coffee, estimate the parameter by using Maksimum Likelihood Estimasi(MLE), to do the Monte Carlo simulation by using Mean Reversion with Jump Diffusion, to determine the production cost, normality log test, to determine the trigger indexs, and to count the premium value with put cash-or-nothing option. On this study if international prices lower than the determined trigger value, trigger payments as much as Rp 20.248.282,4/Ha based on trigger index as many Rp 24.900/kg, so amount of premium payment equals Rp 334.000.

scholarly journals Application of Black Scholes Method in Determining Agricultural Insurance Premium Based On Climate Index Using Historical Burn Analysis Method

2021 ◽  
Vol 9 (3) ◽  
pp. 103
Author(s):  
Aminatus Sholiha ◽  
Mohamat Fatekurohman ◽  
I Made Tirta
Keyword(s):  
Insurance Premium ◽  
Climate Index ◽  
Index Insurance ◽  
Analysis Method ◽  
Agricultural Insurance ◽  
Insurance Premiums ◽  
Black Scholes ◽  
Quality Testing ◽  
Insurance Payment ◽  
Instrument Quality

Climate index insurance is an insurance that provides reimbursement for losses due to decreased harvest rates or crop failures caused by weather. The use of Historical Burn Analysis (HBA) method in determining climate index based on rainfall resulted in a concept of the agricultural insurance payment in Pasuruan Regency. The application of The Black Scholes method in determining agricultural insurance premiums is obtained when rainfall more than 17 mm the premium is Rp 221,234. If the rainfall are 13 mm ≥ RR < 17 mm, the nominal premium paid by farmers to the insurance party is Rp 147,489. Respondents in the study were farmers who owned rice fields. Instrument quality testing (questionnaire) using validity test and reliability test using the help of SPSS statistical software. It can be concluded that the questionnaire is valid and reliable. Based on the results of the questionnaire, farmers considered that the nominal agricultural insurance premiums are in accordance with farmers' income.

scholarly journals PERHITUNGAN PREMI ASURANSI JOINT LIFE DENGAN MODEL VASICEK DAN CIR

2019 ◽  
Vol 8 (3) ◽  
pp. 246
Author(s):  
I MADE WAHYU WIGUNA ◽  
KETUT JAYANEGARA ◽  
I NYOMAN WIDANA
Keyword(s):  
Stochastic Process ◽  
Interest Rates ◽  
Life Insurance ◽  
Insurance Premium ◽  
Insurance Contract ◽  
Insurance Company ◽  
Vasicek Model ◽  
Cir Model ◽  
Premium Payment ◽  
Premium Price

Premium is a sum of money that must be paid by insurance participants to insurance company, based on  insurance contract. Premium payment are affected by interest rates. The interest rates change according to stochastic process. The purpose of this work is to calculate the price of joint life insurance premiums with Vasicek and CIR models. The price of a joint life insurance premium with Vasicek and CIR models, at the age of the insured 35 and 30 years has increased until the last year of the contract. The price of a joint life insurance premium with Vasicek model is more expensive than the premium price using CIR model.

Stock Market Development And Economic Growth in Nigeria

1998 ◽  
Vol 2 (1) ◽  
pp. 33-38 ◽  
Author(s):  
John C. Anyanwu
Keyword(s):  
Economic Growth ◽  
Risk Management ◽  
Stock Market ◽  
Conceptual Framework ◽  
Corporate Control ◽  
Market Development ◽  
Political Environment ◽  
Stock Market Development ◽  
Long Run

Is the stock market development important for economic growth in Nigeria? One line of research argues that it is not; another line stresses the importance of stock market development in allocating capital, acquisition of information about firms, easing risk management, mobilization of savings, and exerting corporate control. Indeed, some theories provide a conceptual framework for the belief that larger, more efficient stock markets boost economic growth. This article examines whether there is a strong empirical association between Nigerian stock market development and long-run economic growth. Our empirical results suggest that the Nigerian stock market development is positively and strongly associated with long-term economic growth. This implies that Nigerian policymakers should make concerted efforts at removing obstacles to stock market development while creating and sustaining an enabling macroeconomic and political environment for the market’s development.

scholarly journals PENENTUAN NILAI PREMI ASURANSI PERTANIAN BERBASIS INDEKS CURAH HUJAN PADA KOMODITAS KEDELAI YANG DISIMULASI MENGGUNAKAN DISTRIBUSI WEIBULL

2020 ◽  
Vol 9 (4) ◽  
pp. 257
Author(s):  
NI PUTU AYUNDA SURYA DEWI ◽  
KOMANG DHARMAWAN ◽  
KARTIKA SARI
Keyword(s):  
Insurance Premium ◽  
Weather Generator ◽  
Rainfall Data ◽  
Simulated Rainfall ◽  
Crop Failure ◽  
Agricultural Insurance ◽  
Stochastic Weather Generator ◽  
Insurance Premiums ◽  
Rainfall Index ◽  
Insurance Costs

Agricultural insurance protects farmers who experience crop failure. This study aims to calculate the value of agricultural insurance premium by applying simulated rainfall index-based using stochastic weather generator on soybean commodities in Negara sub-district. This study are used rainfall data to determine the probability of the transition, then perform rainfall simulations using the Stochastic Weather Generator method to obtain trigger values and continued with the calculation of agricultural insurance premiums. Results of this study provide the value that higher trigger is taken, the greater the insurance premium that must be paid. The value of insurance premiums to be paid is 4,18% - 5,66% of insurance costs Rp2.605.000,00.

scholarly journals Firm Size, Board Size, And Ownership Structure And Risk Management Disclosure

2019 ◽  
Vol 5 (2) ◽  
pp. 117-137 ◽  
Author(s):  
Dwi Pangestuti ◽  
Erika Takidah ◽  
Ratna Anggraini ZR
Keyword(s):  
Risk Management ◽  
Firm Size ◽  
Ownership Structure ◽  
Annual Report ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Analysis Method ◽  
Board Size ◽  
Level Of Significance

This research aims to examine the influence of firm size, board size, and ownership structure on risk management disclosure on syariah banking in Indonesia 2011-2014. This research uses secondary data which is the annual report of syariah banking. The sample was selected by purposive sampling which are 10 syariah banking qualified in this research. This research conducts multiple linear regression analysis method to examine the hypothesis in the level of significance 5%. The result of this research showed that firm size, board size and public ownership have influence on risk management disclosure. Meanwhile, the institutional ownership didn’t have a significant impact on risk management disclosure

scholarly journals Validation of Sea Surface Temperature from GCOM-C Satellite Using iQuam Datasets and MUR-SST in Indonesian Waters

2021 ◽  
Vol 53 (1) ◽  
Author(s):  
Bambang Sukresno ◽  
Dinarika Jatisworo ◽  
Rizki Hanintyo
Keyword(s):  
High Resolution ◽  
Error Analysis ◽  
Surface Temperature ◽  
Sea Surface Temperature ◽  
Important Variable ◽  
Sea Surface ◽  
Analysis Method ◽  
Validation Process ◽  
Indonesian Seas

Sea surface temperature (SST) is an important variable in oceanography. One of the SST data can be obtained from the Global Observation Mission-Climate (GCOM-C) satellite. Therefore, this data needs to be validated before being applied in various fields. This study aimed to validate SST data from the GCOM-C satellite in the Indonesian Seas. Validation was performed using the data of Multi-sensor Ultra-high Resolution sea surface temperature (MUR-SST) and in situ sea surface temperature Quality Monitor (iQuam). The data used are the daily GCOM-C SST dataset from January to December 2018, as well as the daily dataset from MUR-SST and iQuam in the same period. The validation process was carried out using the three-way error analysis method. The results showed that the accuracy of the GCOM-C SST was 0.37oC.

Development of Inverse Analysis of Heat Conduction and Thermal Stress for Elbow: Part I

2013 ◽  
Author(s):  
Seiji Ioka ◽  
Shiro Kubo ◽  
Mayumi Ochi ◽  
Kiminobu Hojo
Keyword(s):  
Heat Conduction ◽  
Thermal Stress ◽  
Transfer Function ◽  
Surface Temperature ◽  
Outer Surface ◽  
Inverse Analysis ◽  
Temperature History ◽  
Analysis Method ◽  
Inner Surface ◽  
Inverse Analysis Method

Thermal fatigue may develop in piping elbow with high temperature stratified flow. To prevent the fatigue damage by stratified flow, it is important to know the distribution of thermal stress and temperature history in a pipe. In this study, heat conduction inverse analysis method for piping elbow was developed to estimate the temperature history and thermal stress distribution on the inner surface from the outer surface temperature history. In the inverse analysis method, the inner surface temperature was estimated by using the transfer function database which interrelates the inner surface temperature with the outer surface temperature. Transfer function database was calculated by FE analysis in advance. For some patterns of the temperature history, inverse analysis simulations were made. It was found that the inner surface temperature history was estimated with high accuracy.

scholarly journals The Trade-Off Between Economic Performance and Environmental Quality: Does Financial Inclusion Asymmetrically Matter for Emerging Asian Economies?

2021 ◽  
Author(s):  
Dong Liu ◽  
Yuantao Xie ◽  
Muhammad Hafeez ◽  
Ahmed Usman
Keyword(s):  
Economic Growth ◽  
Carbon Emissions ◽  
Economic Performance ◽  
Negative Impact ◽  
Positive Impact ◽  
Insurance Premium ◽  
Financial Inclusion ◽  
Bank Credit ◽  
Bank Branches ◽  
Long Run

Abstract This study examines the role of financial inclusion on the environment-economic performance in the top five Asian emerging economies. The data used for empirical investigation covers the time period from 1995 to 2019. Financial inclusion is measured through bank branches, bank credit, and insurance premiums. To check long-run associations, the panel-ARDL approach has been employed for empirical analysis. The empirical evidence confirms the significant associations between financial inclusion-GDP nexus and financial inclusion-CO2 nexus. The findings show that bank branches and bank credit have a significantly positive impact on economic growth and CO2 emissions in the long-run. However, insurance premium has no impact on economic growth but it exerts a significant negative impact on carbon emissions in the long-run. Furthermore, energy consumption is highly sensitive to economic growth and carbon emissions. The study delivers imperative points for pollution eradication and attaining sustained economic growth. There is a need for government-level efforts to align the targets of financial inclusion with economic growth and environmental policies.

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