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I MADE WAHYU WIGUNA
Udayana University
Mathematics

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PERHITUNGAN PREMI ASURANSI JOINT LIFE DENGAN MODEL VASICEK DAN CIR I MADE WAHYU WIGUNA; KETUT JAYANEGARA; I NYOMAN WIDANA
E-Jurnal Matematika Vol 8 No 3 (2019)
Publisher : Mathematics Department, Faculty of Mathematics and Natural Sciences, Udayana University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/MTK.2019.v08.i03.p260

Abstract

Premium is a sum of money that must be paid by insurance participants to insurance company, based on insurance contract. Premium payment are affected by interest rates. The interest rates change according to stochastic process. The purpose of this work is to calculate the price of joint life insurance premiums with Vasicek and CIR models. The price of a joint life insurance premium with Vasicek and CIR models, at the age of the insured 35 and 30 years has increased until the last year of the contract. The price of a joint life insurance premium with Vasicek model is more expensive than the premium price using CIR model.
Co-Authors I Nyoman Widana Ketut Jayanegara