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Simulation Insured Results by Purchasing a Life Insurance

Author

Listed:
  • Ana Preda
  • Mirela Monea

    (University of Petrosani, Romania)

  • Lorand Bogdanffy

    (University of Petrosani, Romania)

Abstract

In this paper we are doing a comparative analysis, using Eviews 8.00, for a unitlinked product, depending on the annual premium paid by the policyholder. It reviewed the situation when the insured survives till the end of the insurance contract and then he receives the account value. We presented the contract evolutions through three different investment programs. There were considered three different risk investment programs 2, 4, 6, on a scale from 1-6.

Suggested Citation

  • Ana Preda & Mirela Monea & Lorand Bogdanffy, 2016. "Simulation Insured Results by Purchasing a Life Insurance," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(2), pages 109-116.
    • Handle: RePEc:pet:annals:v:16:y:2016:i:2:p:109-116
    as

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    References listed on IDEAS

    as
    1. Pavel Cizek & Wolfgang Karl Härdle & Rafal Weron, 2005. "Statistical Tools for Finance and Insurance," HSC Books, Hugo Steinhaus Center, Wroclaw University of Science and Technology, number hsbook0501, December.
    2. de Jong,Piet & Heller,Gillian Z., 2008. "Generalized Linear Models for Insurance Data," Cambridge Books, Cambridge University Press, number 9780521879149, November.
    3. Christian Gourieroux & Joann Jasiak, 2007. "Introduction to The Econometrics of Individual Risk: Credit, Insurance, and Marketing," Introductory Chapters, in: The Econometrics of Individual Risk: Credit, Insurance, and Marketing, Princeton University Press.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    insurance market; premium; account value; risk; unit- linked products;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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