CADANGAN FULL PRELIMINARY TERM ASURANSI JIWA DWIGUNA DENGAN DISTRIBUSI PARETO DAN TINGKAT BUNGA COX-INGERSOLL-ROSS
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Date
2021-09
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perpustakaan UR
Abstract
This article discusses full preliminary term reserve of endowment insurance for single
insurance participant who are x years old using the interest rate model of Cox-
Ingersoll-Ross and Pareto distribution. The parameters in the model is estimated
using maximum likelihood methods. The solution of this problem is obtained by
determining the single premium, annual premium, and life annuity. Then the reserve
formula is obtained based on the distribution of Pareto and the interest rate model
of Cox-Ingersoll-Ross.
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Keywords
Cox-Ingersoll-Ross models, full premilinary term reserve, maximum likelihood method, Pareto distribution