Decoding the Profitability of Insurance Products: A Novel Approach to Evaluating Non-Participating and Participating Insurance Policies

doi:10.20944/preprints202306.0802.v1

淡江大學機構典藏 > 商管學院 > 管理科學學系暨研究所 > 期刊論文 > Item 987654321/125113

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题名:	Decoding the Profitability of Insurance Products: A Novel Approach to Evaluating Non-Participating and Participating Insurance Policies
作者:	Ni, Yen-sen
关键词:	Traditional life policy;Non-participating policy;Participating policy;Induced demand;Optimal pricing strategy;Maximum profits
日期:	2023-06-12
上传时间:	2024-03-01 12:06:23 (UTC+8)
摘要:	This study presents a novel approach to analyzing the present value of total profit for non-participating and participating insurance policies in order to determine the optimal profitability of non-participating and participating insurance policies based on applying the approach used in operations research to the field of finance. As such, a comprehensive insurance product evaluation model was developed using both mathematical models and numerical analysis to evaluate the demand for non-participating and participating life insurance policies in response to changes in interest rates. The findings indicate that non-participating life insurance policies offer greater solvency for insurance companies compared to participating policies. The study also highlights the significance of spontaneous and induced demand in determining the total profit of both types of policies. The study concludes that life insurance companies should focus on generating spontaneous consumer demand, reducing induced demand, and implementing the optimal pricing strategy to achieve maximum profits.
關聯:	Mathematics 11(13),　2926
DOI:	10.20944/preprints202306.0802.v1
显示于类别:	[管理科學學系暨研究所] 期刊論文

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