Life insurance: mortality trends and profitable business.
نویسنده
چکیده
As we approach the millennium, it is worth asking some fundamental questions involving the life insurance industry. Perhaps the most fundamental of questions remains our year by year mortality projections and how the dual observations of an upward trend in life expectation and an increasingly sophisticated diagnostic and treatment strategy will interplay in the balance of determining a fair premium for a life insurance policy at competitive rates.
منابع مشابه
SOME COMPUTATIONAL RESULTS FOR THE FUZZY RANDOM VALUE OF LIFE ACTUARIAL LIABILITIES
The concept of fuzzy random variable has been applied in several papers to model the present value of life insurance liabilities. It allows the fuzzy uncertainty of the interest rate and the probabilistic behaviour of mortality to be used throughout the valuation process without any loss of information. Using this framework, and considering a triangular interest rate, this paper develops closed...
متن کاملMeasuring Customer Satisfaction on Life Insurance Products ( Case Study: Lagos State, Nigeria )
Modern societies belief life insurance scheme, which is designed to be backbone of man survival, ensure financial security and offers readymade source of long term capital financing for the infrastructural project is capable of combating the besetting problem of man so that life can be made easy and continuous. The dramatic increase in competition within the insurance sector and the needs of in...
متن کاملMeasuring Efficiency of Conventional Life Insurance Companies in Bangladesh and Takaful Life Insurance Companies in Malaysia: A Non-Parametric Approach
This study is conducted to measure the actual efficiency comparison of life insurance company between Bangladesh and Malaysia. Total 15 life insurance companies’ were selected for the study where 10 conventional life insurance companies’ from Bangladesh and 5 Takaful lifeinsurance companies’ from Malaysia. Authors tried toindicate the problems and way to get exact solutions by using Data Envelo...
متن کاملPricing implications of trends in population mortality and underwriting effectiveness.
Pricing actuaries try to anticipate insured lives mortality rates for decades into the future by considering historic relationships between population and insured lives mortality and trends in population mortality. The degree to which underwriting might decrease insured lives mortality relative to population mortality is of particular importance. A comparison of trends in population and insured...
متن کاملPredictive Modeling for Life Insurance
The use of advanced data mining techniques to improve decision making has already taken root in property and casualty insurance as well as in many other industries [1, 2]. However, the application of such techniques for more objective, consistent and optimal decision making in the life insurance industry is still in a nascent stage. This article will describe ways data mining and multivariate a...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
- Journal of insurance medicine
دوره 30 4 شماره
صفحات -
تاریخ انتشار 1998