CD Skripsi
"CADANGAN GROSS PREMIUM VALUATION PADA ASURANSI JIWA DWIGUNA MENGGUNAKAN DISTRIBUSI AKASH"
Life insurance companies sometimes have difficulty in making compensation
payments according to the agreement if an unprecdictable event occurs to the
life of the policyholders. Therefore, it is very important for insurance companies
to prepare reserve funds. These reserves are obtained from the premiums paid by
policyholders and are used to cover the needs of both the insurance company and
the policyholders. The Gross Premium Valuation (GPV) reserve is a modied
reserve, calculated based on prospective reserves. The purpose of this study is
to determine the amount of endowment life insurance reserves using the GPV
method for single insurance participants aged x years and using the Akash
distribution, where the parameters of the Akash distribution are estimated using
the maximum likelihood method. The calculation of this reserve using gross
premium which includes loading costs is carried out using Maple 13 software.
The solution to the problem is obtained by determining the initial term life
annuity, the net single premium, and gross premium, then obtaining a reserve
formula based on the Akash distribution. The results of the calculation of GPV
reserves and prospective reserves of endowment life insurance using the Akash
distribution increase every year with a not-too-signicant difference in value.
Keywords: Gross Premium Valuation reserve, Akash distribution, maximum
likelihood method
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