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Abstract
Insurance is seen as a tool which individuals can transfer risks to others, where insurance collect funds from individuals to meet financial needs related to damage. Therefore analysis of risk in life insurance claims is really be needed bt the insurance company actuary. In an insurance system, the risk is the event when an insured party puts forward a claim. Claim is the compensation for a risk loss. Individual claim in one period insurance is called aggregation claim while aggregation claim is collective risk
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References
- D. C. M., Dickson, Insurance Risk and Ruin 2nd Edition, Cambridge University Press, Cambridge, 2016
- G. Dionne, Risk Management: History, Difinition and Critique (2013) 1-22
- A. de Vries, Value-at Risk, Working Paper. F. H. Sudwestfalen University of Applied Science (2000)
- M. Rahim, E. Alireza, On the Distribution of Discounted Collective Risk Model, Journal of Statistical Research of Iran 6 (2009) 193-207
- S. A. Klugman, H.H. Panjer, G. E. Willmot, Loss Models: From Data to Decisions 5th Edition, Wiley Series in Probability and Statistics (1998)
- Sukono, M. Suyudi, F. Islmiyati, S. Supian, Estiomation model of life insurance claims risk for cancer patients by using Bayesian method, IOP Conf. Ser. Materials and Engineering 166 (012022) (2017) 1-9
- M. A. I. Iqbal, M. Said, Z. Sukono, A. R. Effendie, Modified Collective Value-at Risk in Life Insurance When the Number and Amount of Claims Poisson and Lognormal Distribution, in:SORIC, 2013
References
D. C. M., Dickson, Insurance Risk and Ruin 2nd Edition, Cambridge University Press, Cambridge, 2016
G. Dionne, Risk Management: History, Difinition and Critique (2013) 1-22
A. de Vries, Value-at Risk, Working Paper. F. H. Sudwestfalen University of Applied Science (2000)
M. Rahim, E. Alireza, On the Distribution of Discounted Collective Risk Model, Journal of Statistical Research of Iran 6 (2009) 193-207
S. A. Klugman, H.H. Panjer, G. E. Willmot, Loss Models: From Data to Decisions 5th Edition, Wiley Series in Probability and Statistics (1998)
Sukono, M. Suyudi, F. Islmiyati, S. Supian, Estiomation model of life insurance claims risk for cancer patients by using Bayesian method, IOP Conf. Ser. Materials and Engineering 166 (012022) (2017) 1-9
M. A. I. Iqbal, M. Said, Z. Sukono, A. R. Effendie, Modified Collective Value-at Risk in Life Insurance When the Number and Amount of Claims Poisson and Lognormal Distribution, in:SORIC, 2013