Browsing by Author "Rinawati, Rusti Nella"

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    CADANGAN ZILLMER BERDASARKAN DISTRIBUSI MAKEHAM DENGAN MENGGUNAKAN TINGKAT BUNGA MODEL RENDLEMAN-BARTTER
    (2017-01-10) Rinawati, Rusti Nella; Hasriati
    This article discusses Zillmer’s reserve in term of life insurance by using Rendleman-Bartter interest model. Interest rate model of Rendleman-Bartter is a lognormally distributed equilibrium one factor interest rate model and is expressed by stochastic differential equations that follow the Ito’s process. Interest rate models of Rendleman-Bartter has parameters and to be estimated. To determine the parameter estimations is used MLE (maximum likelihood estimation) and then followed by a numerical approach using Newton-Raphson method. Then Makeham distribution is used to evaluate the life annuity, single premium and annual premium.