Purpose: this study wants to find any relationship between the numbers of purchase and the income the customer brings to the company. The attempt is to find those customers who buy more than one life insurance policy and represent the signs of good payments at the same time by the help of data mining tools. Design/ methodology/ approach: the approach of this research is to use data mining tools...

In this paper we consider an insurance company selling life insurance policies. New policies are sold at random points in time, and each policy stays active for a random amount of time, during which the policyholder pays premiums continuously at rate r. When the policy expires, the insurance company pays a claim of random size. The aim is to compute the probability of eventual ruin starting wit...

Trust is a key determinants of any financial transaction. Exchanges in insurance markets are a particular type of financial transaction where a current payment – the premium – is exchanges for a promise of a future, contingent payment – the indemnity due when the casualty occurs. We argue that trust is key in fostering these type of exchanges. Trust enters two ways: because it affects the willi...

This paper presents a model for an insurance company that controls its risk and is allowed to invest in a financial market with just two assets a risk free asset and a stock. The financial reserve of this company is modelled as an Ito process with positive drift and constant diffusion coefficient. While the diffusion coefficient can be interpreted as the risk exposure, the drift can be understo...

a 50-year-old male underwent a check-up for an insurance company. chest x-ray revealed a large ball-like lesion in the posterior mediastinum. the finding was confirmed by computed tomography (ct) scan (figure 1). the patient was referred to our center, where he had a successful mass removal surgery (figure 2). pathology identified the mass as neurinoma.