EKSAKTA: Journal of Sciences and Data Analysis
VOLUME 2, ISSUE 1, February 2021

Collective Modified Value at Risk in Life Insurance

Muhammad Iqbal Al-Banna Ismail (Netherlands Maritime Institute of Technology)
Abdul Talib Bon (Department of Production & Operations Management, Universiti Tun Hussein Onn Malaysia)
Sukono Sukono (Department of Mathematics, Padjadjaran University, Indonesia)
Adhitya Ronnie Effendie (Department of Statistics, Gadjah Mada University, Indonesia)

Article Info

Publish Date
21 Jan 2021

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

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Journal Info
EKSAKTA: Journal of Sciences and Data Analysis
Website

Abbrev

eksakta

Publisher

Universitas Islam Indonesia

Subject

Chemical Engineering, Chemistry & Bioengineering Chemistry Earth & Planetary Sciences Materials Science & Nanotechnology

Description

Ekstakta is an interdisciplinary journal with the scope of mathematics and natural sciences that is published by Fakultas MIPA Universitas Islam Indonesia. All submitted papers should describe original, innovatory research, and modelling research indicating their basic idea for potential ...