THE APPLICATION OF MARKOV CHAIN MODEL TO CALCULATE PREMIUM AND RESERVE OF ENDOWMENT INSURANCE
The calculation of premiums and reserves are two essential parts of insurance. The calculation of premiums and reserves in life insurance involves using mortality tables. This research constructed a mortality table for 20-year endowment insurance using the Markov chain model. Two reasons make the po...
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Pattimura
2022-03-01
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| Series: | Barekeng |
| Subjects: | |
| Online Access: | https://ojs3.unpatti.ac.id/index.php/barekeng/article/view/4013 |
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