DEVELOPMENT an algorithmic
models of calculation tariff rates for short and long LIFE INSURANCE
К.A. Bazilevich, М.S. Mazorchuk
The paper deals with
topical issues of
development of the tools
of analytic calculations
in the
insurance industry. The
analysis of the mathematical
model and the proposed
algorithmic models
to calculate life
expectancy based on
three models of mortality:
Gomperz,
de Moivre
and Makeham, as
well as a model of
wage rates and other
indicators of actuarial
mathematics. Application
of the proposed algorithms
is largely automates
the process of calculating
the tariff rates
unnecessarily on
these models based
on the principles that
simplify and streamline
time-consuming calculations.
Keywords: tariff rate, gross rate, net rate, the sum insured,
life table, the analytical model mortality risk premium.