Economics at your fingertips  

Experience Studies on Determining Life Premium Insurance Ratings: Practical Approaches

Mirela Cristea () and Narcis Mitu ()

MPRA Paper from University Library of Munich, Germany

Abstract: The focus of this article is to present the modelling tehcniques used on international practice in the evaluation of right life premiums based. The knowledge and models obtained have a common element of mortality risk indicators but these are varied in different parts of the world. The common elements of these studies and models are generally based on a series of indicators which mainly point out their probability of survival and they are named the mortality indicators. These indicators 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.

Keywords: Insurance Premiums Quota; Actuarially Selection Criteria; Experience Studies (search for similar items in EconPapers)
JEL-codes: G22 O50 C81 (search for similar items in EconPapers)
Date: 2008
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Published in Eurasian Journal of Business and Economics 2008 1.1(2008): pp. 61-82

Downloads: (external link) original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

Page updated 2021-05-23
Handle: RePEc:pra:mprapa:11311