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Life Insurance Aggregate Claims Distribution Model Estimation Yohandoko, Setyo; Prabowo, Agung; Yakubu, Usman Abbas; Wang, Chun
Operations Research: International Conference Series Vol. 4 No. 4 (2023): Operations Research International Conference Series (ORICS), December 2023
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v4i4.271

Abstract

Risk is a hazard or consequence that can occur in an ongoing process or future events. As the party responsible for assuming and managing risks, the insurance company must be prepared to provide compensation in the event of claims; otherwise, they may face bankruptcy. Hence, it is important to understand the characteristics of risks handled by the insurance company. The risk's characteristics can be analyzed through the distribution model of previous-period claims. The sum of aggregate claims over several periods forms the aggregate claims distribution. The aggregate claims distribution used to determine the amount of pure premium and gross premium that must be obtained by the insurance company. In this research, the determination of distribution model estimation was examined for data cases on aggregate claims of life insurance in Indonesia 2016-2020. The result of this research conduct that the appropriate distribution model is the inverse Gaussian 3P distribution (three parameters).
Community Empowerment Through Legal Counseling: Increasing Legal Awareness and Justice for Women and Children in Cijeruk Hamlet, Tasikmalaya City Sidiq, Fahmi; Wang, Chun; Laksito, Grida Saktian
International Journal of Research in Community Services Vol. 5 No. 1 (2024)
Publisher : Research Collaboration Community (Rescollacom)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijrcs.v5i1.514

Abstract

Legal education about justice for women and children is an important step in understanding the Cijeruk Hamlet community about the rights and obligations of women and children in a legal context. This activity aims to fill this gap in understanding and increase understanding about the equal rights and obligations of women and children. In this activity, Article 30 of Law Number 1 of 1974 concerning Marriage was socialized as a legal basis that guarantees equal rights for women and children. This activity also involved PKK women in Cijeruk Village, who have an important role in spreading information and understanding about justice for women and children in their environment. In addition, group counseling is carried out to provide opportunities for group members to share knowledge and experiences in overcoming family problems. The result of this legal education activity is an increase in public awareness, especially PKK women, about the rights and obligations of women and children under the law. The impact is the formation of a women's group that cares about justice for women and children.