Within the insurance industry, the calculation of reserves for predicting
fund allocation becomes highly prominent, as companies must do it accurately to
settle future claims. Consequently, insurance firms enhance financial ...
Option pricing is one of the most important concerns in the world of finance. An
option is an agreement between two parties to buy or sell an asset at a certain strike
price in the future. Option can be classified into ...
The Weibull and Pareto distributions are commonly used in the insurance
industry because they effectively model different aspects of risk and loss
also their ability to model a wide range of risk case effectively. ...
Medical Malpractice Claims present unique challenges for healthcare providers
and insurance carriers because of their uncertain nature. Large financial losses
arising from a high claim count are difficult to quantify. ...
This research aims to conduct a comprehensive study on the issues related to
pension funds for civil servants in Indonesia, focusing on the Accrued Benefit Cost
Method (ABCM) for calculating pension funds in terms of ...
Investment has been among the choices chosen to earn side income or profit.
Investing is appealing because of its potential for significant gains but potential
comes with risks. Netflix (NFLX), is a prime example of an ...
Insurance is necessary nowadays, because insurance can cover a loss or damagethat occurs. The way insurance works in order to cover losses, a personcansubmit a claim provided that the person is registered as a customer and ...
Ruin probability is the likelihood that the insurer's surplus will go below zero at
some time in the future, or the total claim exceed the sum of initial surplus and
the total premium at some time t in the future. Several ...
Nowadays, stocks investment has been increasingly growing in the society. In
investing activities, there are risks that may be experienced by investors. However,
sometimes many investors do not realize how much risk they ...
Premium calculation is one of the important aspects to insurance companies.
Careless determination of the premium price can cause the insurance company to
fail to bear the risk that the company has. There are several ...
Some life insurance companies can experience losses that can even lead to
bankruptcy due to not being able to pay claims. This event can be anticipated by
having a reserve fund that has been prepared and calculated ...
Jirene, Michelynn Sola Gratia(President University, 2023)
Insurance companies often experience difficulties in planning funds. This is caused
by the risk of uncertainty in life. Not least, the insurance company went bankrupt
because they could not pay their obligations. For ...
Preparing retirement funds is very important in achieving financial security when
entering retirement. Lack of financial preparation often causes financial difficulties
during retirement. Therefore, the planning and ...
Widodo, Edward Anthony(President University, 2023)
In Indonesia, the insurance firm usually calculate the premiums by Indonesia Mortality
Table. But, there are several method to calculate the premiums like De Moivre Method.
De Moivre Method is a method to calculate the ...
Based on the results of this study which is shown in previous chapters, it
can be concluded that:
1. Calculation of premium reserves for endowment life insurance using the Full
Preliminary Term method and the Commissioner's ...
The objective of the study is to obtain the Black-Scholes solution by transforming
the Black-Scholes equation using heat equation and the usage of the solution to
obtain the option price. The Black-Scholes equation will ...
In the classical risk process, ruin is the situation when the surplus process falls to
zero or below. To predict the ruin, ruin probability can be estimated to avoid the
probability of bankruptcy in an insurance company. ...
The premium reserve is important in the life insurance business since it reflects on
the company’s liability to be paid to the insured. As a result, a sufficient amount of
premium reserve is required while negative amount ...
People needs are closely related to managing life, health and even investment risks,
both in personal life and business activities when carrying out insurance claims.
The insurance company will determine the appropriate ...
Profit serves as a valuable metric for both profit sharing and investment planning.
Given that profit plays a pivotal role in evaluating a company's performance, it is
important to be analyzed. This research aims to ...