Actuarial Models for Valuation of Critical Illness Insurance

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F15%3A39899557" target="_blank" >RIV/00216275:25410/15:39899557 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Actuarial Models for Valuation of Critical Illness Insurance

Popis výsledku v původním jazyce

Critical illness insurance (CII) or critical illness cover is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy. The schedule of insured illnesses varies between insurance companies. The basis for the valuation of each insurance product, not excluding CII products, is the knowledge of probability of insurance event specified in the policy. This article aims toexplain and apply methods of classical and Bayesian statistical inference how to estimate the probability of critical event diagnoses in the Slovak insurance companies, specifically for the men and women and for various age groups. The estimated event probabilities are subsequently used for setting risk premiums in the homogeneous groups by sex and age. The individual risk model has been used for calculation of premiums. Data submitted by the Decree No. 20/2008 to the National Bank of Sl

Název v anglickém jazyce

Actuarial Models for Valuation of Critical Illness Insurance

Popis výsledku anglicky

Critical illness insurance (CII) or critical illness cover is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy. The schedule of insured illnesses varies between insurance companies. The basis for the valuation of each insurance product, not excluding CII products, is the knowledge of probability of insurance event specified in the policy. This article aims toexplain and apply methods of classical and Bayesian statistical inference how to estimate the probability of critical event diagnoses in the Slovak insurance companies, specifically for the men and women and for various age groups. The estimated event probabilities are subsequently used for setting risk premiums in the homogeneous groups by sex and age. The individual risk model has been used for calculation of premiums. Data submitted by the Decree No. 20/2008 to the National Bank of Sl

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

BB - Aplikovaná statistika, operační výzkum

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

International Journal of Mathematical Models and Methods in Applied Sciences

ISSN

1998-0140

e-ISSN

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Svazek periodika

9

Číslo periodika v rámci svazku

2015

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

9

Strana od-do

218-226

Kód UT WoS článku

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EID výsledku v databázi Scopus

2-s2.0-84926482197