PENENTUAN PREMI RISIKO REASURANSI PADA ASURANSI KEBAKARAN DENGAN METODE EXPOSURE RATING BERDASARKAN “MBBEFD” EXPOSURE CURVES

• Main Author: Andico Siahaan, Nico
• Format: Final Project
• Language: Indonesia
• Subjects: Matematika
• Online Access: https://digilib.itb.ac.id/gdl/view/33767
• Institution: Institut Teknologi Bandung

In fire insurance, the claims occur are usually large claims. Hence, an insurance company needs to share it risks with a reinsurance company. In this final project (skripsi), the reinsurance premiums will be determined using three types of risk profiles: policy profile; top location profile; and location profile. The location profile gives more detailed information compared with those given by the top location profile; hence it is also better than the policy profile. A criteria will be introduced which will show that that a better quality risk profile will lead to a lower reinsurance premiums. This criteria is based on the standard exposure rating method; and on an alternative method called the “burning cost-adjusted exposure rating method” (in which the loss ratio is adjusted by means of the burning cost of the lowest or lower reference layer). Furthermore, analytic exposure curves called the “Maxwell-Boltzman, Bose-Einstein and Fermi Dirac” or the MBBEFD exposure curves will be introduced. Finally, the reinsurance premiums are determined using the MBBEFD exposure curves.