|
|
Modeling of the Influence of Genetics in Insurance
Stiborová, Lucie ; Bohumský, Petr (advisor) ; Jarolímková, Tereza (referee)
This diploma thesis is denoted to application of continuous time multiple state Markov models in respect to the Alzheimer's disease in critical illness insurance, long-term care insurance and life insurance. It solves the impact of insurer's access to applicant's genetic information, the possibility of misusage of this information and the questions of fairness in insurance. It defines some mathematical methods, basic definitions of genetics, it describes the Alzheimer's disease and its forms. It shows model's using during determining cost of adverse selection and the impact of Alzheimer's disease in long-term care insurance. On the basis of model there are estimated the transition intensities among states. We use this intensities to estimate the mortality of lives with Alzheimer's disease and the cost in long-term care insurance. The models show dividing the population into more risk groups and it is possible to model the risk of adverse selection caused by asymmetric information about genetic test result.
|
|
| |
|
|
Finite reinsurance
Žďárský, Pavel ; Bohumský, Petr (advisor) ; Mandl, Petr (referee)
This thesis is divided into six chapters. The introduction reminds the appendages of traditional reinsurance. Definition, functions and clear generalization of both types and common provisions of finite reinsurance contracts is summarized in the second chapter. The third chapter is engaged in the available regulatory rules which relates with finite reinsurance. There is a preparatory act of the Czech Insurance law, the American standard FAS 113 and the European standard IFRS 4 described. Text is concentrates in different requirements on risk transfer of these standards. The fourth chapter describes risk transfer methods, which have been used until recently. Next, there is made a proposal of a new method, method of partial risk transfer, which eliminates significant shortcomings of the currently used methods. Features of partial risk transfer methods, comparing to other methods are described on two practical examples. There is a possible way of partial risk transfer accounting delineated in the fifth chapter. The conclusion is the summary of benefits of the new method.
|
|
|
Finite reinsurance
Žďárský, Pavel ; Mandl, Petr (referee) ; Bohumský, Petr (advisor)
This thesis is divided into six chapters. The introduction reminds the appendages of traditional reinsurance. Definition, functions and clear generalization of both types and common provisions of finite reinsurance contracts is summarized in the second chapter. The third chapter is engaged in the available regulatory rules which relates with finite reinsurance. There is a preparatory act of the Czech Insurance law, the American standard FAS 113 and the European standard IFRS 4 described. Text is concentrates in different requirements on risk transfer of these standards. The fourth chapter describes risk transfer methods, which have been used until recently. Next, there is made a proposal of a new method, method of partial risk transfer, which eliminates significant shortcomings of the currently used methods. Features of partial risk transfer methods, comparing to other methods are described on two practical examples. There is a possible way of partial risk transfer accounting delineated in the fifth chapter. The conclusion is the summary of benefits of the new method.
|
|
| |
|
|
The Use of Genetic Tests in the Insurance Industry. Alzheimerś Disease in Long-Term Care Insurance.
Jaroš, Filip ; Mandl, Petr (referee) ; Bohumský, Petr (advisor)
The dissertation can be viewed at as a contribution to the discussion about using genetic information in the insurance industry. The debate is fully being held in the United Kingdom and other countries. It is only a matter of time when the discussion will be launched in the Czech Republic. Macdonald's and Pritchard's model (2000) of Alzheimer's disease in long-term care insurance is applied to the Czech pattern of mortality. A calculation of the expected present value of benefits is shown on an illustrative example of long-term care insurance. A quantification of adverse selection which is perceived as a reason for differentiation of ratings depending on the genetic profile of a policy applicant is a mathematical conclusion of the study. The appendix deals with the broader ethic and economical matter of the problem discussed.
|
|
|
Modeling of the Influence of Genetics in Insurance
Stiborová, Lucie ; Bohumský, Petr (advisor) ; Jarolímková, Tereza (referee)
This diploma thesis is denoted to application of continuous time multiple state Markov models in respect to the Alzheimer's disease in critical illness insurance, long-term care insurance and life insurance. It solves the impact of insurer's access to applicant's genetic information, the possibility of misusage of this information and the questions of fairness in insurance. It defines some mathematical methods, basic definitions of genetics, it describes the Alzheimer's disease and its forms. It shows model's using during determining cost of adverse selection and the impact of Alzheimer's disease in long-term care insurance. On the basis of model there are estimated the transition intensities among states. We use this intensities to estimate the mortality of lives with Alzheimer's disease and the cost in long-term care insurance. The models show dividing the population into more risk groups and it is possible to model the risk of adverse selection caused by asymmetric information about genetic test result.
|
guest ::
