Η πανδημία COVID-19 και επιπτώσεις στις υποθέσεις θνησιμότητας και την τιμολόγηση ασφαλιστικών προϊόντων

Ατσικίδης, Θεόδωρος

Assessing the effects of the COVID-19 pandemic on the mortality assumptions and insurance pricing

Master Thesis

Author

Ατσικίδης, Θεόδωρος

Date

2025-03

Abstract

The COVID-19 pandemic has caused significant changes in mortality rates worldwide, with a particularly notable impact in Greece. The increase in deaths has highlighted the need to reassess mortality assumptions used for pricing insurance products. This study analyzes the significance of COVID-19 as a cause of death for the Greek population in 2020 and 2021, utilizing data from the Greek Statistical Authority's registry records. Additionally, the study examines the impact of the pandemic on mortality assumptions and its potential effects on the insurance sector. The methodology is based on quantitative analysis of mortality data, incorporating statistical tools and programming techniques such as Python to create excess mortality indicators and compare them with data from previous years (2015-2019). The analysis revealed that excess mortality in Greece increased by approximately 7% in 2020 and 16% in 2021 and around the same level in 2022, with the majority of deaths occurring among individuals over 75 years old. The study demonstrates that COVID-19 has affected not only the insurance industry but also the fundamental assumptions used in pricing insurance products. Adjustments in mortality assumptions are essential for the sustainability of insurance programs and require ongoing revision of mortality models.

Postgraduate Studies Programme

Αναλογιστική Επιστήμη και Διαχείριση Κινδύνων

Department

Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Στατιστικής και Ασφαλιστικής Επιστήμης

Number of pages

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/17990

Collections

Τμήμα Στατιστικής και Ασφαλιστικής Επιστήμης

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Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα