Analysis of distributions of different parameters on endowment life insurance

1.

Thesis - Analysis of
distributions of different
parameters on
endowment life insurance
ALEKSEEV V.V. 631 GROUP

2.

Introduction
INSURANCE, AND LIFE INSURANCE IN
PARTICULAR, IS AN IMPORTANT
ECONOMIC AND SOCIAL TOOL WITH
WHICH CITIZENS CAN PROTECT
THEMSELVES AND THEIR LOVED ONES
FROM MANY NEGATIVE FACTORS, SUCH AS
ACCIDENTS, ACCIDENTS, ENSURE A STABLE
FINANCIAL SITUATION AND MAINTAIN
THEIR STANDARD OF LIVING: WHEN
RETIRING, SAVING FOR EDUCATION, THE
POSSIBILITY OF TAKING A LOAN, A
MORTGAGE.
IN MY PAPER, I ANALYZE THE DATABASE OF
CONCLUDED MIXED LIFE INSURANCE
CONTRACTS IN ORDER TO CONSTRUCT A
HYPOTHESIS FOR THE DISTRIBUTION OF
CONTRACTING INTERVALS

3.

Description
ACCUMULATIVE LIFE INSURANCE IS A TYPE OF
INSURANCE WHEREBY UPON EXPIRY OF THE INSURANCE
CONTRACT THE INSURED PERSON RECEIVES THE ENTIRE
AMOUNT OF MONEY ACCRUED DURING THE TERM OF
THE INSURANCE CONTRACT. ALSO, DURING THE TERM OF
THE CONTRACT, IN CASE OF DEATH OF THE INSURED
NATURAL PERSON THE BENEFICIARIES WILL RECEIVE THE
ENTIRE SUM INSURED, REGARDLESS OF HOW MANY
PAYMENTS HE HAD MADE BY THAT MOMENT (CL. 1, ART.
4 OF ARTICLE 4 OF LAW NO 4015-1 OF 27.11.1992 "ON
ORGANIZATION OF INSURANCE BUSINESS IN THE
RUSSIAN FEDERATION").
ACCORDING TO THE ACCIDENT AND DISEASE INSURANCE
TERMS, THE INSURANCE COMPANY IS OBLIGED TO PAY
THE SUM STIPULATED IN THE CONTRACT AS A LUMP
SUM OR TO PAY IT OUT PERIODICALLY IF THE INSURED
PERSON SUFFERS HEALTH DAMAGE OR DIES AS THE
RESULT OF AN ACCIDENT OR DISEASE (CLAUSE 2, ART. 4
OF THE LAW OF THE RUSSIAN FEDERATION "ON
ORGANIZATION OF INSURANCE ACTIVITY IN THE RUSSIAN
FEDERATION" DATED 27.11.1992 NO 4015-1)

4.

INVESTIGATE THE DISTRIBUTION OF
INTERVALS BETWEEN CONTRACTING IN
DIFFERENT CITIES, THE INTERVALS
BETWEEN UNIQUE DATES AND THE
NUMBER OF CONTRACTS PER DAY.
THE DATA WAS CATEGORIZED, NAMELY
GROUPED ACCORDING TO THE CITIES
OF THE BRANCHES. THERE ARE A TOTAL
OF 59 DIFFERENT CITIES IN THE
SAMPLE AND THE RELEVANT VALUES
HAVE BEEN CALCULATED FOR EACH
CITY.
THE RESULTS WERE POSITIVE,
EXPONENTIAL, GAMMA, LOG-NORMAL
AND PARETO DISTRIBUTIONS WERE
CONFIRMED
First part of work

5.

Second part of work
Widow’s pension
A married couple buys a combined life insurance
and widow's pension policy specifying that
premiums are payable different rates due to the
conditions of life of the couple. The policy
terminates at time n.
Reservers fo
Widow’s Pension
Definition of
Reserves