While both zero-inflation and the unobserved heterogeneity in risks are prevalent issues modeling insurance claim counts, determination of Bayesian credibility premium counts with these features often demanding due to high computational costs associated a use MCMC. This article explores way approximate for claims frequency that follows zero-inflated Poisson distribution via variational Bayes ap...

Traditional credibility analysis of risks in insurance is based on the random effects model, where heterogeneity across policyholders assumed to be time-invariant. One popular extension dynamic (or state-space) model. However, while latter allows for time-varying heterogeneity, its application should conducted with care due possibility negative credibilities per period [see Pinquet (2020a) ]. A...

Insurance marketing is a discipline that maximizes the benefits between policyholders and insurance companies. A big data-driven approach combined with promotions can leverage wealth of empirical data to develop new customers, motivate existing customers engage in more activities, retain customers. business involves wide variety scopes types, it labor-intensive resource-intensive rely solely on...

Under the assumptions of an open portfolio, i.e., considering that a policyholder can transfer his policy to another insurance company and continuous arrival new policyholders into portfolio which be placed any bonus classes not only in starting class, we developed model (Stochastic Vortices Model) estimate Long Run Distribution for Bonus Malus System. These hypothesis render quite representati...

modern societies belief life insurance scheme, which is designed to be backbone of man survival, ensure financial security and offers readymade source of long term capital financing for the infrastructural project is capable of combating the besetting problem of man so that life can be made easy and continuous. the dramatic increase in competition within the insurance sector and the needs of in...

Many empirical studies confirm that policyholder’s subjective mortality beliefs deviate from the information given by publicly available tables. In this study, we look at effect of on perceived attractiveness retirement products, focusing two extreme conventional annuities (where insurance company takes longevity risk) and tontines a pool policyholders shares risk). If risk loadings charges are...


 Sharia insurance is an effort to protect and help each other among policyholders which carried out through the collection management of tabarru funds that provide a pattern returns face certain risks contracts are in accordance with sharia principles. The aims this study (1) understand financial performance Islamic companies, (2) company's zakat, (3) effect on companies' (4) ROE ROA. res...