The Research Of Life Insurance Actuary

With the development of the insurance in our country, the core of the insurance—actuary is doing a very important effect. The science of actuary bring forward quantity advise with mathematics, economics, statistics. It comes from life insurance, but now it has been abroadly used in a lot of finance field, for example negotiable securities and banking. The thesis recite the whole process of the life insurance actuary by the numbers. Meanwhile, it involved the application of the actuary technique in fund yield and bond pricing.The thesis is divided into six parts. Part one is an introduction, including the background and meanings of the thesis, overview of documents, the train of thought and study frame. Part two attend the time value of monetary, give accurate computation of the interest, then study annuity, cash flow yield and bond pricing. Part three study a math model that is widely used and exact called survive model, especially the form survive model—life table. In part four the individual life insurance model is divided into 48 basic style based on the insurance practice, we choose typical example to introduce the method for computing the wholesale pure premium. Part five study another important insurance operation—survive annuity, compute the wholesale pure premium for endowment insurance and pension, it is also an important guarantee for computing equilibria pure insurance fee. Part six is the stay point of the thesis which use the front paragraphic knowledge to compute the wholesale pure in premium, distill duty reserve, and this is also the main job of an actuary.