Question: ercises unit 9 Exercise 1. 1. Elements related twice insurance contracts are presented as follows: * Contract A Contract B - Age of insured (x);

ercises unit 9 Exercise 1. 1. Elements related twice insurance contracts are presented as follows: * Contract A Contract B - Age of

ercises unit 9 Exercise 1. 1. Elements related twice insurance contracts are presented as follows: * Contract A Contract B - Age of insured (x); 60 years. - Age of insured (x); 60 years. - The capital guarantee: 100000 SAR. - The capital guarantee: 150000 SAR. - The term of the contract: 10 years. - The term of the contract: 10 years. - Life table: TV99. - Life table: TV99. - Technical interest rate: 3% - Technical interest rate: 3% 1. Calculate the unique pure premium for each contract 2. Compare results and conclude. We assume that management loading fees (g) equal to 1% and acquisition loading fees (a) equal to 0.5% 3. Calculate the gross premium for each insurance contract. 4. Calculate the mathematical reserve for t=8. 5. Calculate the new insurer commitment. Compare to result obtained in 4. 6. Calculate the inventory reserve and the gross reserve for t=8. ercises unit 9 Exercise 1. 1. Elements related twice insurance contracts are presented as follows: * Contract A Contract B - Age of insured (x); 60 years. - Age of insured (x); 60 years. - The capital guarantee: 100000 SAR. - The capital guarantee: 150000 SAR. - The term of the contract: 10 years. - The term of the contract: 10 years. - Life table: TV99. - Life table: TV99. - Technical interest rate: 3% - Technical interest rate: 3% 1. Calculate the unique pure premium for each contract 2. Compare results and conclude. We assume that management loading fees (g) equal to 1% and acquisition loading fees (a) equal to 0.5% 3. Calculate the gross premium for each insurance contract. 4. Calculate the mathematical reserve for t=8. 5. Calculate the new insurer commitment. Compare to result obtained in 4. 6. Calculate the inventory reserve and the gross reserve for t=8

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