Premium: Insurance Business Journal
Vol. 8 No. 1 (2021): PREMIUM INSURANCE BUSINESS JOURNAL

SIMULASI PEMODELAN PELUANG KEBANGKRUTAN (RUIN PROBABILITY) PERUSAHAAN ASURANSI DENGAN ANALISIS PENDAPATAN PREMI DAN BEBAN KLAIM

Erizal (Unknown)
Mutia Rachmawati Septiadi (Unknown)



Article Info

Publish Date
28 Jun 2021

Abstract

Ruin probability an insurance companies is defined as condition where the ttotal claim expense that has to be paid is greater than the premium income plus the company’s initial capital. The insurance company has the funds to pay claims that derived from accumulated initial reserve and income of insurance from premiums that has payed. If the company’s funds at time t is smaller than 0 then the insurance company will going bankruptcy. Therefor will be analyzed the premium income that must obtained and the value of claim expense that must be certified by the insurance companies. If the premium income that must obtained is greater, so the funds of insurance company will greater too at the time-t to cover the next claim expense. Ruin probability in the insurance company can be predicted from the simulation of ruin probability model with claim expense frequency which happened at the same time between 0 and t is assumed distribution poisson and claim expense size is distribution exponential. This model could be used by insurance company to take decision when determaining premium whether surplus or ruin.

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Journal Info

Abbrev

premium

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Premium Insurance Business Journal (PIBJ) adalah jurnal nasional yang dikelola oleh Pusat Penelitan dan Pengabdian Kepada Masyarakat (Puslitdimas) Sekolah Tinggi Manajemen Asuransi Trisakti. Jurnal Premium fokus menerbitkan artikel-artikel yang berkaitan dengan Asuransi, Aktuaria, Manajemen Risiko, ...