The credit risk, which emerges as a concept of default risk, can be defined as the risk that any liability of the borrower can not be fulfilled. Default cases arise out of the situations of delayed payments, the presence ...

National and international preventions are being taken everywhere in the world in order to keep the long term individual, social and economic effects of unemployment to the minimum. Unemployment insurance, which is one of ...

In a competitive market it has become compulsory for insurance companies to partition their portfolios into the risk categories with all policyholders belonging to the same category paying the same premium and to fairly ...

In the insurance company's portfolio there may be claims reported but not yet settled or incurred but not yet reported. The most important task of the insurance companies is to accurately estimate these possible future ...

In this study, the AR (1) model was used for the interest rate which is one of the two basic variables that used in calculating the net single premium of the annuity. For the years between 2005-2018, government debt ...

The Generalized Linear Models (GLM) is one of the most commonly used methods of pricing non-life insurance products. The method gives a great advantage for selecting loss distribution from exponential family. Typically ...

It is a great importance for insurance companies to analyze the catastrophic risk that posess low probability and high severity by nature. With drastic changes in climatical conditions it became an obligation to form the ...

The main prompting factor behind decision making is comparing or ordering risks. Risk management strategies should be based on the dynamics of stochastic ordering relations and influences of decision makers' tendencies on ...

Copula is distribution functions which is used in modelling dependency between random variables. For this reason, it is frequently used in dependency studies. In this study, the effectiveness of the modeling of non-life ...

In globalizing competitive markets, price optimization is not a new concept. However, there is no widely accepted method and common definition of price optimization in the insurance sector. Insurance companies make models ...