IDEAS home Printed from https://ideas.repec.org/a/aio/aucsse/v1y2008i11p186-194.html
   My bibliography  Save this article

Modelling Techniques for Life Premium Ratings

Author

Listed:
  • Mirela CRISTEA

    (University of Craiova)

  • Marijan CINGULA

    (University of Zagreb, Croatia)

Abstract

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.

Suggested Citation

  • Mirela CRISTEA & Marijan CINGULA, 2008. "Modelling Techniques for Life Premium Ratings," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(36), pages 186-194, May.
    • Handle: RePEc:aio:aucsse:v:1:y:2008:i:11:p:186-194
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/AUCSSE/0036v1-011.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. C. Pinkham & Marianne Cumming & Howard Minuk, 2006. "The Metabolic Syndrome and All-Cause Mortality in an Insured Lives Population," North American Actuarial Journal, Taylor & Francis Journals, vol. 10(3), pages 7-16.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carlos Pestana Barrosa & Milton Nektariosb & Nicolas Peypochc, 2009. "A Luenberger Index for the Greek Life Insurance Industry," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 3-18.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cristea, Mirela & Mitu, Narcis Eduard, 2008. "Experience Studies on Determining Life Premium Insurance Ratings: Practical Approaches," MPRA Paper 11311, University Library of Munich, Germany.

    More about this item

    Keywords

    premium ratings; life insurance; modeling techniques; mortality indicators.;
    All these keywords.

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • G00 - Financial Economics - - General - - - General
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:aucsse:v:1:y:2008:i:11:p:186-194. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anca Bandoi (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.