TAILIEUCHUNG - Impact of risk factors on business results of life insurance products in insurance companies in Hue city

On the basis of the leveraging Monte Carlo simulation method and Risk – a risk analysis software, this study aims to identify and analyse the impacts of the potential risk factors on business results of life insurance products in the insurance companies in Hue city. | Hue University Journal of Science ISSN 2588–1205 Vol. 128, No. 5C, 2019, pp. 55–65; DOI: IMPACT OF RISK FACTORS ON BUSINESS RESULTS OF LIFE INSURANCE PRODUCTS IN INSURANCE COMPANIES IN HUE CITY Duong Dac Quang Hao*, Nguyen Thi Minh Hoa University of Economics, Hue University, 99 Ho Dac Di St., Hue, Vietnam Abstract: On the basis of the leveraging Monte Carlo simulation method and @Risk – a risk analysis software, this study aims to identify and analyse the impacts of the potential risk factors on business results of life insurance products in the insurance companies in Hue city. Both the qualitative and quantitative method is applied. Data were collected from interviewing the leaders, financial managers and senior consultants at four most representative life insurance companies in the area, namely Bao Viet life insurance, Prudential, AIA, and PCI Sun Life using the DELPHI technique. The following findings are found. Firstly, besides the identified events, 10 other types of risks could affect the business results of life insurers. Secondly, these types of risks have varied frequencies and levels of impact on the three studied variables of the simulation model. Finally, the risk of rumours and the risk of new competitors appear to be the most significant dangers to the expected profits of life insurance companies. Keywords: Monte Carlo simulation, @Risk, Delphi technique, life insurance 1 Introduction In Vietnam, the insurance industry has started since 1993. However, according to the Department of Insurance Supervisory and Authority, approximately of the Vietnamese population has bought life insurance so far [3]. Along with the huge market development opportunities and the rapid growth of the economy in the coming time, Vietnam is recognised as one of the most lucrative markets for life insurers in the South East Asian region [5]. In terms of domestic enterprises, to exploit this opportunity, they need to make breakthrough .

• Kinh tế học
• Monte Carlo simulation
• Insurance companies in Hue city
• Delphi technique
• Life insurance
• Risk analysis software
• Nuclear engineering and technology
• Clustering in the Monte Carlo criticality simulation
• Traveling waves in the Monte Carlo criticality simulation
• The Monte Carlo criticality simulation of decoupled and confined media
• The start up phases of reactors
• Tạp chí Khoa học
• Ab initio calculation of intermolecular potentials
• Second virial coefficients
• Monte carlo simulation of dimer N2 N2
• Gibbs Ensemble Monte Carlo simulation
• Thermodynamics properties of vapor liquid equilibria
• The adaptation method
• The monte carlo simulation for computed tomography
• High flux photons
• Human like voxel phantom
• VaR (Value at Risk)
• Brazilian stock portfolios via garch family models
• Via monte carlo simulation
• Normal distribution
• Monte carlo simulations
• Lattice models
• Lecture Monte carlo simulations
• Monte carlo simulation methods
• Boundary conditions
• Communications in Physics
• The phase transition of animal group
• A q state potts model
• Flocking and runaway behavior
• The Monte Carlo simulation technique
• The model of spin current
• Long range Morse potential
• Vapor liquid equilibria
• AB initio potentials
• AB Intio intermolecular interaction potentials
• NEA Nuclear Data Sensitivity Tool
• Half Monte Carlo method
• Uncertainty propagation techniques
• Total Monte Carlo sampling process
• GMX detector
• Monte Carlo
• Hệ phổ kế gamma
• Chương trình MCNP5
• Study on determination of mass attenuation coefficient
• Effective atomic number
• Electron density of some materials
• Monte carlo method
• Monte Carlo simulation model
• Adaptive Multilevel Splitting
• Variance reduction techniques
• Monte Carlo particle transport
• Nuclear research reactor
• Serpent 2 monte carlo code
• Different reactor conditions
• Generating multi group neutron cross sections
• Dalat nuclear research reactor
• Multi group neutron
• 3D reactor kinetics code
• Thiosemicarbazone reagent
• PM3 and MM+ calculation
• Docking simulation
• Conformation of thiosemicarbazone reagents
• Mathematics
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• Scientific reports
• scientific studies
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• Vietnam Journal of Science and Technology
• Corrosion inhibition perfomance
• Four natural thiazole derivatives
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• Finite size effect
• Grand canonical Monte Carlo
• System gets smaller
• Comparison of knife edge for proton beam range verification
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• Camera and multi slit
• Effects of collimator on imaging performance of Yttrium 90 Bremsstrahlung photons
• Imaging performance of Yttrium 90 Bremsstrahlung photons
• Primary to scatter ratios
• Image uniformity with photon counting
• Conventional scintillation single photon emission computed tomography system
• Monte carlo simulation study
• Photon Counting Detector
• BMC Pediatrics
• Traditional dosing
• extended interval dosing
• Determine gentamicin pharmacokinetics
• Teaching probability
• High school students
• Probability problems
• Practical experience
• Probabilistic locational marginal price
• Latin hypercube sampling
• Scenario reduction techniques
• Fast forward selection
• Gamma spectrometry
• Efficiency calibration
• Environmental samples
• HPGe spectrometer