scholarly journals PENERAPAN METODE BAYES DALAM MENGESTIMASI PREMI KREDIBILITAS PADA ASURANSI UMUM

2021 ◽  
Vol 10 (4) ◽  
pp. 241
Author(s):  
RAIN FERNANDO BANGUN ◽  
I NYOMAN WIDANA ◽  
DESAK PUTU EKA NILAKUSMAWATI
Keyword(s):  
Empirical Bayes ◽  
Theory Model ◽  
Credibility Theory ◽  
Insurance Companies ◽  
Insurance Premiums ◽  
General Insurance ◽  
The Future

Determination of insurance premiums is very important the calculation must be done carefully so that there is experience losses. The purpose of this research is to find out the application of empirical Bayes credibility theory Model 1 and estimate of the credibility premium on general insurance. A method that can help in overcoming these problems, that is empirical Bayes credibility theory Model 1, results of the estimated credibility premium credibility (in Euros) for insurance companies Alianz, Csob, Generali, Koop, Unisqa, and Wusten respectively as follows: 46.774811, 7.801307, 10.368991, 58.812250, 6.703035, and 5.091605.  These results, the average claim is greater than the credibility premium, so that insurance companies can reserve premiums for the future.

scholarly journals An Application of Credibility Theory to Solvency Margins: Some Comments on a Paper by G. W. De Wit and W. M. Kastelijn

1982 ◽  
Vol 13 (1) ◽  
pp. 37-46 ◽  
Author(s):  
Henrik Ramlau-Hansen
Keyword(s):  
Life Insurance ◽  
Alternative Methods ◽  
Credibility Theory ◽  
Insurance Companies ◽  
Numerical Example

AbstractSome comments are given on a recent paper by de Wit and Kastelijn (1980) and alternative methods for analysing loss ratios are proposed in connection with the determination of the necessary solvency margins of non-life insurance companies. The methods are illustrated by a numerical example.

scholarly journals INSURANCE MARKET: PANDEMIC STRATEGY AND FORECAST FOR THE FUTURE

2021 ◽  
pp. 61-67
Author(s):  
Наталья Олеговна Козырева
Keyword(s):  
Working Conditions ◽  
Russian Federation ◽  
Insurance Industry ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Premiums ◽  
The Future ◽  
The Russian Federation ◽  
The Impact

В статье рассматривается влияние пандемии COVID19 на страховой рынок России в 2020 г. с прогнозом на 2021 г. Основной целью является исследование влияния пандемии короновируса на страховую отрасль, основные задачи: 1) проанализировать показатели по сборам страховой премии за 2020 г.; 2) рассмотреть способы адаптации страховых компаний к новым условиям работы; 3) выявить тенденции и сделать прогноз развития рынка страховых услуг на 2021 г. Объектом исследования является: страховой рынок, предметом - особенности работы страховщиков во время пандемии COVID19. Научная новизна заключается в исследовании деятельности страховщиков в РФ в условиях пандемии, снижения продаж, дистанционной работы. The article examines the impact of the COVID19 pandemic on the Russian insurance market in 2020 with a forecast for 2021. The main goal is to study the impact of the coronavirus pandemic on the insurance industry, the main tasks are: 1) to analyze the indicators on the collection of insurance premiums for 2020; 2) consider ways of adapting insurance companies to new working conditions; 3) identify trends and forecast the development of the insurance market in 2021. The object of the study is the insurance market and peculiarities of the work of insurers during the COVID19 pandemic. The scientific novelty lies in the study of the activities of insurers in the Russian Federation in the context of a pandemic, declining sales, teleworking.

The valuation of general insurance companies

1990 ◽  
Vol 117 (3) ◽  
pp. 597-669 ◽  
Author(s):  
J. P. Ryan ◽  
K. P. W. Larner
Keyword(s):  
Future Development ◽  
Stochastic Modelling ◽  
Theoretical Framework ◽  
Insurance Companies ◽  
Single Line ◽  
Insurance Company ◽  
General Insurance ◽  
The Future ◽  
Selection Of

AbstractThe paper presents a theoretical framework for the valuation of a general insurance company to actuaries, but also aims to provide reference work for non-actuarial users of appraised values. It distinguishes between the price that may be paid for an insurance operation from what may be called the economic or appraised value. The paper describes the elements of the appraised value calculation, selection of parameters, the uses of such evaluations and explores the future development into explicit stochastic modelling rather than the implicit methodology. Theoretical and practical considerations are illustrated and example valuations of a single line insurer are given.

scholarly journals Life insurance: features, present state and problems

2021 ◽  
Vol 11/2 (-) ◽  
pp. 29-33
Author(s):  
Oksana PONOMAROVA ◽  
Viktoriia SYNYPOSTOL ◽  
Alina SHTANKO
Keyword(s):  
Life Insurance ◽  
Social Protection ◽  
Insurance Market ◽  
Insurance Companies ◽  
Social Stability ◽  
Insurance Risk ◽  
Insurance Premiums ◽  
Financial Condition ◽  
Inhibiting Factors ◽  
General Insurance

The essence of life insurance, its features and advantages in comparison with other kinds of insurance is considered. Influence of changes of insurance payments on change of level of payments is analyzed and the interrelation between insurance premiums and insurance payments is found out. The forecast for 2021–2023 on insurance premiums and payments accordingly is constructed. In connection with this, the study of the life insurance market in Ukraine and the identification of the main problems of its development is currently quite relevant. Life insurance plays an important role in ensuring security and social stability in the country. Considering the economic essence of life insurance, it should be noted its feature, which is a combination of properties of insurance protection and savings. In this regard, in the general insurance market of the country, its structural segment has specific features in defining the basic concepts of insurance risk and insured event. Yes, insurance risk is based on the unpredictability of the event. The brake on the development of the life insurance market in Ukraine is that the capitalization and financial condition of the vast majority of insurance companies is unsatisfactory and does not ensure their competitiveness even in the domestic market. The limited amount and imperfect structure of financial savings of most insurers prevent them from becoming an effective institution of social protection and investment in the Ukrainian economy. Among the inhibiting factors should also be noted the limited investment activities of insurers. It is defined the basic problems that hinder the development of life insurance in Ukraine.

The Lloyd's Reinsurance to Close Process

2000 ◽  
Vol 6 (4) ◽  
pp. 651-720
Author(s):  
D.J. Hindley ◽  
M. Allen ◽  
A.J. Czernuszewicz ◽  
D.C.B. Ibeson ◽  
W.D. McConnell ◽  
...  
Keyword(s):  
Accounting Standards ◽  
Fair Value ◽  
Direct Application ◽  
Objective Analysis ◽  
Insurance Companies ◽  
International Accounting Standards ◽  
Financial Condition ◽  
General Insurance ◽  
The Future ◽  
Value Concept

ABSTRACTGeneral insurance syndicates at Lloyd's are required to obtain a Statement of Actuarial Opinion (SAO) in relation to their solvency reserves. This paper focuses on the reinsurance to close (RITC) process at Lloyd's, which is not currently subject to such opinions although some Lloyd's syndicates choose to obtain informal opinions from actuaries in relation to RITC. The paper analyses the current RITC process and suggests two types of opinion that actuaries could provide in relation to RITC. We also consider briefly financial condition opinions for Lloyd's syndicates. The International Accounting Standards Committee (IASC) published their issues paper on insurance accounting during the drafting of this paper, and we include some consideration of the application of the IASC's fair value concept to the future claim liabilities of Lloyd's syndicates. Lloyd's may be subject to unprecedented changes in the next few years, and we therefore consider the effect of these potential changes both on the existing actuarial solvency opinions and on our suggested opinions in relation to RITC. Our aim is to carry out an objective analysis of this unique reserving process and to offer suggestions as to how actuaries might add value to the process, taking into account how Lloyd's might change in future. Because of these changes, much of the paper has direct application to non-Lloyd's insurance companies.

scholarly journals PENERAPAN MANAJEMEN RISIKO DALAM MEMINIMALISIR KLAIM PRODUK JAMINAN BANK GARANSI PADA PERUSAHAAN ASURANSI DI PROVINSI RIAU

2018 ◽  
Vol 6 (1) ◽  
pp. 8
Author(s):  
Prama Widayat
Keyword(s):  
Risk Management ◽  
Insurance Companies ◽  
Sampling Area ◽  
General Insurance ◽  
Private Banks ◽  
Study Population

The research was conducted to observe the implementation of risk management in analyzing the contractor before issuing Surety Bond guarantee by the insurance and continue as the basis for the issuance of Bank Guarantee (KGB) by private banks and BUMN, because there are still contractors who do not perform their obligation to finish the work causing the claim bank guarantee product. The study was conducted by direct interviews to underwriting insurance issuing Bank Guarantee Cons (KGB) products. The study population amounted to about 67 insurance companies registered in Riau province. But not all of them publish KGB is only 5 general insurance companies, the determination of the number of samples is done by using the sampling area.

International determination of the total motion of the pole

1961 ◽  
Vol 13 ◽  
pp. 29-41
Author(s):  
Wm. Markowitz
Keyword(s):  
Secular Motion ◽  
The Future

A symposium on the future of the International Latitude Service (I. L. S.) is to be held in Helsinki in July 1960. My report for the symposium consists of two parts. Part I, denoded (Mk I) was published [1] earlier in 1960 under the title “Latitude and Longitude, and the Secular Motion of the Pole”. Part II is the present paper, denoded (Mk II).

Managing uncertainty in a general insurance company

1990 ◽  
Vol 117 (2) ◽  
pp. 173-277 ◽  
Author(s):  
C. D. Daykin ◽  
G. B. Hey
Keyword(s):  
Computer Model ◽  
Flow Model ◽  
Insurance Companies ◽  
Simulation Methods ◽  
Insurance Company ◽  
Practical Applications ◽  
General Insurance ◽  
Alternative Approaches ◽  
The Impact

AbstractA cash flow model is proposed as a way of analysing uncertainty in the future development of a general insurance company. The company is modelled alongside the market in aggregate so that the impact of changes in premium rates relative to the market can be assessed. An extensive computer model is developed along these lines, intended for use in practical applications by actuaries advising the management of genera1 insurance companies. Simulation methods are used to explore the consequences of uncertainty, particularly in regard to inflation and investments. Some comments are made on the role of actuaries in general insurance. Alternative approaches to describing the behaviour of an insurance firm in the market are considered.

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