Insurance Premium Comparison among Different Countries
Document Type
Oral Presentation
Campus where you would like to present
SURC 202
Start Date
16-5-2013
End Date
16-5-2013
Abstract
Life tables contain the mortality rates of people at any age and often their remaining life expectancy. These tables are a widely used reference for actuaries and are used to set life insurance premiums and policy reserves. Premiums are well understood in the United States and other well developed countries. The World Health Organization (WHO) studies life tables’ data for many different countries around the world. This project explores and compares some similarities and differences amongst these countries. The life tables from WHO are used to create the spreadsheet of expected data. The consolidated spreadsheet will act as a data source for a comparison application program. The program will allow the user to select mortality rate, annual premium, and net single premium from multiple countries in order to compare the figures side by side. In addition to the spreadsheets, we will also be looking for statistically significant differences between the countries and their development groups. (i.e., group based on Human Development Index)
Recommended Citation
Dyer, Vicky, "Insurance Premium Comparison among Different Countries" (2013). Symposium Of University Research and Creative Expression (SOURCE). 27.
https://digitalcommons.cwu.edu/source/2013/oralpresentations/27
Additional Mentoring Department
Actuarial Science
Insurance Premium Comparison among Different Countries
SURC 202
Life tables contain the mortality rates of people at any age and often their remaining life expectancy. These tables are a widely used reference for actuaries and are used to set life insurance premiums and policy reserves. Premiums are well understood in the United States and other well developed countries. The World Health Organization (WHO) studies life tables’ data for many different countries around the world. This project explores and compares some similarities and differences amongst these countries. The life tables from WHO are used to create the spreadsheet of expected data. The consolidated spreadsheet will act as a data source for a comparison application program. The program will allow the user to select mortality rate, annual premium, and net single premium from multiple countries in order to compare the figures side by side. In addition to the spreadsheets, we will also be looking for statistically significant differences between the countries and their development groups. (i.e., group based on Human Development Index)
Faculty Mentor(s)
Chin-mei Chueh