Selected applications of cash flow models of life insurance.

Thu Giang Hoang

Diplomová práce

Anotace:

The thesis deals with the practical applications of a cash flows model in a life insurance company accompanied by illustrative numerical examples. Specifically, the applications presented are profit testing, calculation of value of liabilities, liability adequacy test and estimation of company value (embedded value). The thesis is structured in three chapters. Firstly, life insurance companies and their products are introduced. Then the cash flows model and its components are described in detail. The third chapter presents each application one by one, firstly of their main principle and then demonstrates with a real example of endowment product. The thesis is a consolidated source of cash flows model’s application in life insurance.

Abstract:

The thesis deals with the practical applications of a cash flows model in a life insurance company accompanied by illustrative numerical examples. Specifically, the applications presented are profit testing, calculation of value of liabilities, liability adequacy test and estimation of company value (embedded value). The thesis is structured in three chapters. Firstly, life insurance companies and their products are introduced. Then the cash flows model and its components are described in detail. The third chapter presents each application one by one, firstly of their main principle and then demonstrates with a real example of endowment product. The thesis is a consolidated source of cash flows model’s application in life insurance.

Klíčová slova

life insurance, profit testing, fair value of liabilities, liability adequacy test, embedded value, cash flows model, endowment

Keywords

cash flows model, life insurance, liability adequacy test, embedded value, profit testing, fair value of liabilities, endowment

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 22. 8. 2019

Obhajoba závěrečné práce

• Obhajoba proběhla 26. 8. 2020
• Vedoucí: Martin Janeček
• Oponent: Jan Fojtík

Vysoká škola ekonomická v Praze

Magisterský studijní program / obor:
Kvantitativní metody v ekonomice / Quantitative Economic Analysis