|
|
Analysis of life insurance contracts of a selected insurance company
VACÍKOVÁ, Diana
The bachelor thesis analyses life insurance contracts at a selected insurance company. The theoretical part discusses history of life insurance, its settings, parameters of potential clients and the procedure of signing contracts. The methodological part defines the hypotheses, the examined insurance product, used data and the method used to analyze them. The practical part explores statistical dependence between the parameters of Allianz's clients who signed life insurance contracts and the amounts of insurance they attributed to particular insured events. Six such parameters are examined which are derived from the details the clients provided age, sex, BMI, smoking, job type and disposable income adjusted for debt repayments. These parameters are the independent variables of a linear regression analysis performed using the method of ordinary least squares. The response variables are insurances against seven crucial insured events death, disability, incapacity, permanent consequences of an accident, serious illnesses, hospitalization and daily compensations after an injury. The analysis is performed in the econometric software Gretl. A simple program is created from the system of these models to serve as a tool for the insurance agents to help him understand expected clients' preferences and to start a conversation with them. Three notional benchmark clients and their insurance are then defined according to the data and the obtained equations. Finally, initial insurance contracts´ proposals from Allianz are being compared with those derived by the tool.
|
guest ::
RSS feed.