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All Journal EKSAKTA: Journal of Sciences and Data Analysis
Abdul Talib Bon
Department of Production & Operations Management, Universiti Tun Hussein Onn Malaysia
Chemical Engineering, Chemistry & Bioengineering Chemistry Earth & Planetary Sciences Materials Science & Nanotechnology

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Journal : EKSAKTA: Journal of Sciences and Data Analysis

 1 
Collective Modified Value at Risk in Life Insurance Muhammad Iqbal Al-Banna Ismail; Abdul Talib Bon; Sukono Sukono; Adhitya Ronnie Effendie
EKSAKTA: Journal of Sciences and Data Analysis VOLUME 2, ISSUE 1, February 2021
Publisher : Fakultas Matematika dan Ilmu Pengetahuan Alam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/EKSAKTA.vol2.iss1.art4

Abstract

Insurance is seen as a tool which individuals can transfer risks to others, where insurance collect funds from individuals to meet financial needs related to damage. Therefore analysis of risk in life insurance claims is really be needed bt the insurance company actuary. In an insurance system, the risk is the event when an insured party puts forward a claim. Claim is the compensation for a risk loss. Individual claim in one period insurance is called aggregation claim while aggregation claim is collective risk
Co-Authors Adhitya Ronnie Effendie, Adhitya Ronnie Muhammad Iqbal Al-Banna Ismail Sukono .