The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
Background. Stability and growth in life insurance market is an important economic indicator. Therefore, yearly coverage lapse-rate estimates are one of the key statistics that actuarial analysts need to characterize and manage the insurance business. Aim. We aim to present machine learning based approach applied to a real data set covering a decade long customer history of an international financial...
Life insurances have become a necessity in our daily life. The United States government census data shows that insurance premiums totaled approximately 8.18% of the GDP. As for Taiwan, the government statistics data indicates that each person holds 2.23 life insurance policies on average and the money spent in life insurances measure up to 18.19% of the GDP, ranking first in the world. However, most...
In order to study how the insurance companies claim premiums with the stochastic interest rate, the interest force accumulation function with Wiener process and Poisson process is proposed in this paper. Based on this model, the life insurance actuarial model of paying premiums several times each year is built. And the expression of single net premium, reserve and future loss variance are given. With...
This article establishes the endowment assurance policy model which has deposit function. In this paper, we introduce the survival annuity, increasing life insurance and repaid principal. Considering the actual investment situation of insurance premium, we establish the reflected Brownian motion model under random rates of interest. The concise expressions of formula are given in the case that death...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.