| Abstrak/Abstract |
In this paper, we will explain critical illness insurance calculations with stochastic interest rates. The survival model is multiple states, while the interest rate is the Cox-Ingersoll-Ross stochastic interest rate model. In determining the survival model, we use the prevalence and mortality rates of certain critical diseases, such as neoplasms, endocrine diseases, and diseases of the digestive system. Furthermore, the Monte Carlo simulation will be used to simulate the possibility of interest rate pathways in determining critical illness insurance premiums. |
