Φερεγγυότητα ΙΙ στην ασφάλιση ζωής : ανάλυση βιομετρικού κινδύνου
Solvency II in life insurance : analysis of biometric risk
Σίμου, Χαράλαμπος Ν.
This thesis aims to introduce the new regulatory framework for the solvency of insurance companies, called Solvency II. The study focuses on the solvency of the Life Insurance Business and in particular on analysis of biometric risk of mortality, longevity and disability. Initially a historical background about solvency is presented, then the biometric risk is defined and finally a description of its evaluation according to the latest quantitative study QIS 5 is included. Furthermore, the evaluation models of biometric risk are presented and described, according to the most recently published articles. Finally, a numerical implementation is taking place by the utilization of LifeContigencies, a R language packet, which calculates solvency capital with various approaches in different types of policies.