Naslov
Modelling Techniques for Life Premium Ratings

Autori
Cristea, Mirela ; Cingula, Marijan

Izvornik
Analele Universităţii din Craiova. Seria ştiinţe economice (1223-365X) 1 (2008), 36; 186-194

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
premium ratings; life insurance; modeling techniques; mortality indicators

Sažetak
The paper presents the modelling techniques used on international practice for establishing life premiums quota. Thus, the calculus techniques used by the insurers are generally based on a series of indicators named mortality indicators which mainly point out the insured persons’ survival probability, the death probability and life expectancy at certain age. In Romania, these indicators are settled by National Institute of Statistics and they represent the basis for the calculation of the premiums quotes and for the elaboration by the insurers of premium tables. The benefit for the policyholder is to obtain insurance at a fair and competitive price and for the insurer, to maintain the experience of its portfolio in line with mortality assumptions.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA