Open AccessExpected Value Premium Principle Pada Data Reasuransi
Author(s) -
Radot Mh Siahaan,
Dian Anggraini,
Andi Fitriawati,
Dani Al Makhya
Publication year - 2020
Publication title -
ujmc (unisda journal of mathematics and computer science)
Language(s) - English
Resource type - Journals
eISSN - 2579-907X
pISSN - 2460-3333
DOI - 10.52166/ujmc.v6i2.2116
Subject(s) - value (mathematics) , reinsurance , value premium , liquidity premium , insurance premium , mathematics , economics , statistics , econometrics , actuarial science , monetary economics , capital asset pricing model , market liquidity , liquidity crisis
The amount of stop loss cover reinsurance using krone as Danish currency. The stop loss cover reinsurance scheme with a retention value of r = 50 million krone from fire insurance data in Denmark from 1980-1990 with truncate date at 10 million krone, resulting in a conditional expected value that decreases in value when the higher the threshold value. This is indicated by the threshold value of 1 = 2.976 resulting in pure premium of 1 = 0.1217, a threshold value of 2 = 10.0539 resulting in pure premium 2 = 0.0867 and a threshold value of 3 = 26.199 resulting in pure premium 3 = 0.0849. The use of expected value premium principle with the loading factor () is weighted to the value of the pure premium represented by. This is indicated by the weight of premium 1 = 0.13387, the weight of the premium 2 = 0.09537 and the weight of premium 3 = 0.09339.