The life insurance company should, on the other hand, actively introduce the advanced management technology, establish the life insurance actuarial science system, strengthen the control over the paying capability and lower the negative influence of the interest rate risk to the lowest degree.
Actuarial Science is an academic discipline of the synthetic frontier, which involves many fields such as Mathematics, Statistics, Computer Science, Accounting, Finance, Economics, Laws and Communications and Actuaries is to measure, model and manage risks.
All this is to be done through actuarial science takes probability theory and mathematical statistics as its standing point, evaluates the outcome of risky events, the future financial balance as well as debt level for various economic programs.
The first two chapters give introductions to the history of insurance, mathematical principle and research object are introduced briefly, The basic theory on rate of interest, survival function and life table, the methods for caculating insurance premium, the development and research of life insurance actuarial theory under random interest rate are also presented.
Actuarial theory is very important in the modern insurance industry. This dissertation is devoted to the study of insurance actuarial theory and its applications.
The paper analyzes the drawbacks of these traditional methods,discusses the application of generalized linear models in non-life insurance pricing,and points out some problems to be considered when applying generalized linear models.
The dual random models about the life insurance and social pension insurance have received considerable attention in the recent articles on, actuarial theory and applications.
Actuarial survival was significantly higher in the PTCA-group at 1, 5 and 10 years after therapy of recurrent angina, despite the freedom from subsequent re-intervention was significantly lower (1-year-survival 95 % [37 %] vs.
After 20 years, actuarial survival was 60 % for mechanical heart valves, 44 % for bioprosthesis and 38 % for allografts (p = 0.003), reoperation was unnecessary in 52 % of mechanical heart valves and 10 % of bioprostheses and allografts (p = 0.0007).
Since Nelder >amp;amp; Verrall (1997), the connection between Generalized Linear Models (GLM's) and credibility theory has been recognized in actuarial science.
Actuarial techniques are nowadays starting to be applied in wider fields and it is suggested that the history of actuarial science could be taught in sixth forms and universities to students of risk and finance.
In this paper, a stochastic process model of insurance, i.e. a double random model for random payment and random discounting is constructed firstly, and the properties of payment process are studied under the basic assumptions of the model. Using the theory of measure extension, we devolop the payment process into a random payment measure, aand give the measure representations for insurance and annuity, and give some famous actuarial formulas as well. Finally we obtain the present value moments of the rando...
This article advances that it should analyze the sensitivity of factors of old-age insurance with actuarial,and then get some enlightenment from the analysis.
Normal power transformation and normal modulus transformation are introduced, meanwhile, inverse hyperbolic sine transformation and its properties are studied, and based on the Cornish- Fisher expansion, the relevent normal transformation is researched , in the latter part, the errors of the above normal transformations are compared through random simulation, and illustrated by the example about the actuary rate of crop insurance.