Collective Modified Value at Risk in Life Insurance
Penulis/Author
Muhammad Iqbal Al-Banna Ismail (1); Abdul Talib Bin Bon (2); Sukono (3); Dr. Adhitya Ronnie Effendie, S.Si., M.Si., M.Sc. (4)
Tanggal/Date
2021
Kata Kunci/Keyword
Abstrak/Abstract
Insurance is seen as a tool which individuals can transfer risks to others, where insurers collect funds from individuals to meet financial needs related to damage. Therefore analysis of risk in life insurance claims is really be needed by the insurance company actuary. In an insurance system, the risk is the event when an insured party puts forward a claim. The claim is compensation for a risk loss. The individual claim in one-period insurance is called aggregation claim while aggregation claim is a collective risk.
