Výběr optimálního pojistného produktu za rizika

Abstract

The goal of the diploma thesis is the choice of optimal sum insured for life insurance in case of death and the choice of insurance product for risks itself. To achieve the goal of the diploma thesis (the choice of optimum sum insured of the insurance product), is used the method of stochastic programming. The thesis is divided into five chapters. The first chapter is an introduction. The second one contains the characteristics of risk in the insurance sector. In the third chapter we find a methodology for determining the predicted probabilities of mortality according to the Lee Carter mortality model. Further, the general-purpose function for the practical part of the thesis is formulated. Then the methodology of stochastic programming (using the approximation of the used Monte Carlo simulation method) is described. In the last part of the third chapter, there are described two situations for which the purpose function is used in the practical part of the thesis. The fourth chapter is focused on the practical part of the thesis. Two loan applicants are described here and based on their requirements, the insurance product for risks is selected, using the methods mentioned in the third chapter. The fifth and last chapter of the thesis is the conclusion, which provides a summary of the results and a critique of the methods used in the thesis.