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Title:

Actuarial analysis vs extended risk in life insurance

Creator:

Homa, Magdalena

ORCID:

0000-0003-1735-5150

Subject and Keywords:

life insurance   payments   actuarial analysis   additional insurance options   premium   mathematical reserves   loss

Abstract:

The abandonment of deterministic models in favor of probabilistic models that use stochastic processes is the essence of the actuarial analysis of life insurance policies with extended insurance risk which is presented in the monograph. The reason is the necessityto include the dynamic approach that takes into account both random conditions that result from the option activation process, and its impact on the financial aspect of risk. Thus, the extended risk in life insurance was analyzed in its two aspects: risk related to the insured object and financial risk. The former is associated with the estimation of the probability of various events occurring throughout human life; in this respect the earlier variants of approaches to modeling and analysis of insurance of varying life events have been adapted. The latter, on the other hand, is associated with the correct valuation of cash flows and calculations made by the insurer in terms of insurance premiums and mathematical provisions, the risk process, and the loss ratio of the portfolio, all taking into account the increased risk aspect. As the idea behind the monograph was to illustrate the mathematically quite difficult actuarial and financial side of multi-options insurance, the obtained theoretical results were supplemented in each chapter with examples of both traditional insurance policies and their multi-option variants.

Place of publishing:

Wrocław

Publisher:

E-Wydawnictwo. Prawnicza i Ekonomiczna Biblioteka Cyfrowa. Wydział Prawa, Administracji i Ekonomii Uniwersytetu Wrocławskiego

Contributor:

Bednarski, Tadeusz. Rec.   Kowalczyk-Rólczyńska, Patrycja. Rec.

Date issued:

2020

Resource Type:

text

Detailed Type:

book

Identifier:

ISBN 978-83-66601-40-6 (druk)  
ISBN 978-83-66601-41-3 (online)

DOI:

10.34616/23.21.006

Source:

PAd 357847 II

Language:

pol

Abstract Language :

eng   pol

Relation:

(Prace Naukowe Wydziału Prawa, Administracji i Ekonomii Uniwersytetu Wrocławskiego)   (E-Monografie ; nr 178)

Access rights:

The use of this material is allowed only with accordance of applicable rules of fair use or other exceptions provided by law, and any broader use requires the permission of the authorized entity

License:

Making materials available on the basis of the agreement with the owner of the property copyrights

Rights holder:

Copyright by Magdalena Homa

Autor opisu:

WR U/PAdal