Economics, Econometrics and Finance
4 years ago

Life insurance claims analyzed to better protect financial needs of individuals

EKSAKTA Journal of Sciences and Data Analysis
Collective Modified Value at Risk in Life Insurance
Muhammad Iqbal Al-Banna Ismail, Abdul Talib Bon, Abdul Talib Bon, Sukono Sukono, Sukono Sukono, Adhitya Ronnie Effendie, Adhitya Ronnie Effendie

Paper Summary

Life insurance companies need to analyze risks in claims to ensure they have enough funds to cover potential losses. When someone makes a claim, it means they are asking for compensation for a loss. The total amount of claims in a specific period is called collective risk.

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