Insurance - practical work

Practical work on discipline: Insurance

Task 1: What is a mortality table? Calculate the missing elements in the table of mortality.What is the probability of surviving to 51 years, if the number surviving to that age equals 928?

Task 2: What is the tariff rate? What is the gross rate, if risky net rate and a risk premium equal to 5 rubles roubles and 1.2, respectively, and the load is estimated at 20 %.

Task 3: Determine what will be the net rate at 100 rubles for 10 years of deferred annuity (payment at the end of the year), if the insured age is 56 years, and the rate of return is 50%.

Task 4: Let the insurer has concluded 4000 contracts of property insurance with total sum insured 40, 000, 000. For the year produced 200 payments and total payments amounted to 200 000 RUB Rate average tariff rate on property insurance for 100 rubles. the sum insured subject to a guarantee of safety equal to 0.95 (N=200). The coefficient of variation of payoffs equal to 0.5 (KV), and the load of 30% of gross bets (f).

Task 5: Let the insurer must pay the first year of the 145 rubles, at the beginning of the second year 150 RUB., RUB. 155 third, fourth 160 rubles, and the beginning of the 5th year an amount equal to 170 rubles. What is the modern value of financial liabilities of the insurer, if the rate of return is 20 %(i).

Task 6: You and the insurer conclude the contract of property insurance with the insurer. What are the main provisions to be contained in the insurance contract?

Job 7: disablement as a result of accidents the distribution of the disability group corresponds to the following values of the conditional probabilities:
• probability of disability of the 1st group – 0,18
• the likelihood of disability 2nd groups at 0.42
• probability of disability of the 3rd group – 0,40
What is the coefficient of variation of payments?


Assignment 8: Let the insurance contract (endowment insured up to age 45 years) were insured 100 people at age 25 for a total insured amount of 300,000 rubles Using the table of commutation numbers, and calculate the modern value of financial liabilities and the insurer´s base rate (gross rate) under such contract of insurance (load equal to 10% of gross rate)

Task 9: Describe the procedures for reinsurance. What are the main concepts found in the reinsurance.

Task 10: describe the types of violations that may occur with health insurance. Who and how is responsible for these violations.