Title

Insurance Premium Comparison among Different Countries

Presenter Information

Vicky Dyer

Document Type

Oral Presentation

Location

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)

Faculty Mentor(s)

Chin-mei Chueh

Additional Mentoring Department

Actuarial Science

This document is currently not available here.

Share

COinS
 
May 16th, 9:30 AM May 16th, 9:50 AM

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)