This research aims to develop a motor vehicle insurance premium
calculation model using the Bonus Malus system (BMS) that adjusts premiums
based on the policyholder's claim history. This system provides a bonus ...
Group health insurance is a health insurance product that provides health
protection to a group of individuals that covers their medical expenses and related cost
if they experience illness or accident that offers benefits ...
According to CNBC, in recent years several Indonesian insurance companies have
faced problems due to their failure to pay claims due to financial distress and
significant increase of financial reporting fraud cases that ...
Claim prediction plays a crucial role in the insurance industry, enabling companies
to design suitable insurance policies for potential policyholders. One approach to
predicting claims involves using the parameters of ...
Stocks remain a highly sought-after investment, offering high-profit potential
alongside significant risks. An optimal portfolio seeks to maximize returns while
minimizing losses, achievable through methods like the ...
The development of the insurance sector provides excellent investment
opportunities that can attract investors to invest their capital. But before making
an investment there are several important aspects that need to be ...
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 ...