Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Journal of Actuarial, Finance, and Risk Managment
Filemon Febrian Bintoro
Study Program of Actuarial Science, President University
Economics, Econometrics & Finance Mathematics

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Comparison of Premium Reserves with New Jersey Methods and Full Preliminary Term on Endowment Insurance Filemon Febrian Bintoro; Fauziah Nur Fahirah Sudding
Journal of Actuarial, Finance, and Risk Management Vol 1, No 2 (2022)
Publisher : Journal of Actuarial, Finance, and Risk Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/jafrm.v1i2.3969

Abstract

Life insurance companies often have difficulty getting fees at the beginning of the insurance year. It’s noted that there are several life insurers who suffer losses caused by the inability to pay compensation to the insured, because the value of the claim insured submit exceeds the cliam estimated by the insurer. Those conditions can be anticipated if the insurance company has reserve funds. This study aims to find the right reserve value for insurance companies that have been adapted to endowment life insurance using the New Jersey and Full Preliminary Term method. Based on the data analysis carried out, it was concluded that the New Jersey reserve value for male from 1st year to 49th year is greater than that for females. Meanwhile, for Full Preliminary Term reserves, the value of male’s reserves from the 1st year to the 49th year is relatively always greater than that of females. This research could be used as a reference for insurance company to consider the better method in calculating premium reserves based on its policyholder profile
Co-Authors Fauziah Nur Fahirah Sudding