| The effect of using the specific mortality tables on the premium of life insurance products]{The effect of using the specific mortality tables for the insureds on the premium of life insurance products |
| کد مقاله : 1035-FEMATH8 |
| نویسندگان |
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محبوبه اعلائی *1، خدیجه ابراهیمنژاد2 1گروه پژوهشی فناوریهای نوین بیمهای، پژوهشکده بیمه، تهران، ایران 2دانشگاه الزهرا |
| چکیده مقاله |
| This paper investigates the impact of utilizing specific mortality tables on the premium calculations for life insurance products. Mortality tables are essential tools that allow insurers to assess the longevity and risk associated with insureds. Traditional mortality tables, based on general population data, often fail to accurately reflect the unique characteristics of insured individuals, potentially leading to mispriced premiums. This study emphasizes the importance of developing tailored mortality tables that account for factors such as health status, lifestyle choices, and demographic characteristics. By incorporating specific mortality data, insurers can achieve more precise risk assessments, resulting in fairer premium rates for policyholders and enhanced competitiveness in the insurance market. The findings indicate that the application of specific mortality tables not only benefits insurers by improving their financial stability but also ensures that policyholders are charged premiums that accurately reflect their individual risk profiles. For this purpose, the life insurance premium obtained using specially designed mortality table has been compared with the premium obtained from the standard mortality table. |
| کلیدواژه ها |
| Longevity risk, Life table, Adjustment multipliers, Mortality probabilities. |
| وضعیت: پذیرفته شده برای ارائه شفاهی |
