Actuarial calculations are obligatory part of any line of insurance business. The calculation procedure of
insurance rates based on destruction and multiplication model in the context of insurance products related to
insurable interest’s loss (life insurance, car theft insurance, transit insurance etc.) is proposed. The description of procedure is illustrated by examples. Namely, insurance rate calculation formula for lines of insurance listed above, that can guarantee companies the scheduled earning with selected probability, is given.
Keywords: insurance; insurance rate; destruction and multiplication model.
References
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