Individual pension system is a defined contribution pension plan which is based on individuals creating savings throughout their work period and generating income during their retirement period. In individual pension ...

In this study, Generalized Linear Models (GLM) examined and Credibility Theory which are frequently used in non-life insurance pricing are combined. By GLM explanatory variables, comparison criterias which can be used in ...

Claims development results are the changes in claims reserves and one of the major risk drivers in the profit and loss statement of a general insurance company. These results are of central interest in every Solvency ...

Over the twentieth century there have been unprecedented and unexpected gradual decline in mortality rates due to process of eliminating hazards to survival, which have increased the life expectancy at birth remarkably. ...

Mortality rates are the measure of number of deaths in a society. There has been a great improvement in mortality rates in recent years. The increase in life expectancy of individuals poses a risk for insurance companies. ...

In Turkey in late 1990s, problems emerged in social security field like the disruption of balance of income and expenditure, decrease in asset–liability ratio have brought into the agenda a need for reform efforts in social ...

The aim of this study is to compare the performance results of Lee-Carter model,which is a common method for modelling death rates, and alternatively developedparameter estimation method which uses Poisson regression methods ...

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 ...

The purpose of this study is to make a fair premium estimation for wheat production. We prefer layer based clustering model where location, damage ratio and damage probability compose the layers. For the first layer, claim ...

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 ...