The insurance industry currently discusses to which extend they can integrate an illiquidity premium into their best estimate considerations of insurance liabilities. The present position paper studies this question from an actuarial perspective that is based on marketconsistent valuation. We conclude that mathematical theory does not allow for discounting insurance liabilities with an illiquid...

Establishing the existence of equilibrium in insurance markets has always been a challenging task for economists due to imperfect information. As illustrated by Rothschild and Stiglitz (1976), imperfect information may lead to complete market failure. This paper extends the standard model of adverse selection by introducing employers that choose the set of policies that are offered to consumers...

This article shows you how to ensure the financial stability of insurance companies in innovative development economy. The macroeconomic models used were also analyzed and as structural developed with microeconomic optimization risks. In addition, general indicators necessary accurately describe have been developed, these assess level guarantor company. results activities joint-stock company “K...

Abstract The entry of heavy metals due to industrial activities into the environment is one major problems in this century. Nickel and chromium(VI) are toxin elements that used various industries. In study, lignocellulose nanofiber was purchased from Nano-Novin Polymer Company (Gorgan, Iran) as an adsorbent for removal nickel ions aqueous solutions a batch system. effects pH, initial concentrat...

A profession serves a public purpose. Consequently, an outline of the history of the actuarial profession must follow the public purposes served by actuaries in applying their basic science. The formation in London in 1762 of the Society for Equitable Assurances on Lives and Survivorships as a mutual company, initiated a process that created a public purpose for actuaries. A mutual insurance co...

-This study presents an evaluation model for purchasing life insurance and annuity insurance using analytical hierarchy process (AHP) and fuzzy logic. Four factors are considered as the inputs of the proposed model including age, annual income, educational level and risk preference. To build the model, we interviewed five experts with at least three years of working experience in an insurance c...

nowadays service industry plays an essential and significant role in economic growth and development of nations, while the role and importance of insurance industry as a supporting base of other industries is apparent. on the other hand, the world of insurance is rapidly changing and getting competitive and correct understanding of customers' requirements and their satisfaction are essentials f...

Background: Benevolent marketing is one of the new and ethical strategies of marketing businesses to create special value for the customer, according to which a direct relationship between selling the product and helping the business to a charity or charity is defined and promoted to fulfill responsibility. Becomes corporate social. The main purpose of this article is to identify and rank benev...

Frauds in insurance industry are one of the major sources of operational risk of insurance companies and constitute a significant portion of their losses. Every reasonable company on the market aims for improving their processes of uncovering frauds and invests their resources to reduce them. This article is addressing fraud management area from the view of extension of existing Business Intell...

Term insurance Term insurance is what comes to mind when most people contemplate an insurance policy. In this situation, the insured pays a premium to the insurance company on a monthly or yearly basis. These premiums entitle the insured to be paid a benefit in the event of death. The typical policy is applied over a defined period of time. In most instances, the term of the policy is between 1...