Studies On The Management Of The Reserves For Future Claims Held By Life Insurance Company

This paper falls into 4 parts: 1. Fundamental concepts. This part mainly discusses the meaning of life insurance, insurance payable at death, insurance payable at survival, endowment insurance and life insurance reserves. It also define the scope of the study. 2. The calculation of the life insurance reserves for future claims. This part firstly discusses the calculation of the terminal reserves for future claims in theory, then points out the new way of understanding the reserves, and at last makes an exploration of the life insurance reserves for future claims under the stochastic mortality rate and interest rate. 3. The practice of the life insurance reserves for future claims. This part discusses the revised methods, the selection of the actuarial assumption. To ensure the accuracy and seriousness of the life insurance reserves, electronic instruments should be used. The paper attempts to make a case study with the sofi ware of EXCELL. 4. The management of life insurance reserves for future claims. This parts first analyze the development of the system of life insurance in China, interest rate risk we have confronted, then make suggestions to strengthen the control of the life insurance reserves for future claims in combination with the actual.