DETERMINATION OF PREMIUM JOINT LIFE USING DISRTRIBUSI JOINT SURVIVAL
In the life insurance, there is a contract for the single life and joint life. For the case of a joint life contracts are First-Life and Last-Survivor where there is often a life time is assumed to be independent. As for modeling the determination of joint life insurance premiums can be used joint...
Saved in:
| Main Author: | |
|---|---|
| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/20437 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | In the life insurance, there is a contract for the single life and joint life. For the case of a joint life contracts are First-Life and Last-Survivor where there is often a life time is assumed to be independent. As for modeling the determination of joint life insurance premiums can be used joint survival distribution. In this thesis, discusses the determination of premiums by modeling the joint survival using Gumbel-Hougaard copula for assuming dependent. The simulation results show the difference in the value premium generated from the joint survival assuming independent and dependent as well as differences in the value of premiums resulting from First-Life and Last-Survivor. |
|---|