Rahmandri, Claresta Annisa (2024) Analisis Perbandingan Model Variable Fee Approach (VFA) dan General Measurement Model (GMM) pada Produk Asuransi Umum Unit-Link. Project Report. [s.n.], [s.l.]. (Unpublished)
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Abstract
Kerja praktik dilaksanakan di salah satu perusahaan konsultan di Indonesia pada unit Life Insurance. Tujuan kerja praktik adalah untuk memahami implementasi teori aktuaria dalam dunia kerja melalui analisis perbandingan antara Variable Fee Approach (VFA) dan General Measurement Model (GMM) pada produk asuransi unit-link. Analisis dilakukan menggunakan data Ringkasan Produk dan Layanan (RIPLAY) Perusahaan Asuransi X. VFA dan GMM digunakan untuk memodelkan profit testing dan menentukan optimalisasi profit dari produk asuransi unit-link. Hasil kerja praktik menunjukkan bahwa model VFA lebih cocok untuk kontrak asuransi dengan direct participating contracts karena mengurangi volatilitas dalam laporan laba rugi. Sebaliknya, GMM, sebagai model yang lebih umum, memberikan fleksibilitas dalam menangani berbagai jenis kontrak asuransi.Selain itu, pendekatan analisis melibatkan perhitungan cash flows, liability, dan Contractual Service Margin (CSM) selama masa polis lima tahun. VFA menunjukkan amortisasi CSM yang lebih terstruktur, sedangkan GMM menyoroti estimasi liabilitas yang lebih langsung. Studi ini menyimpulkan bahwa pemilihan model bergantung pada kompleksitas kontrak asuransi dan kebutuhan transparansi laporan keuangan.Melalui analisis ini, laporan memberikan wawasan kepada Perusahaan Asuransi X tentang optimalisasi profit dan manajemen risiko berdasarkan regulasi PSAK 117 dan IFRS 17. Temuan ini diharapkan menjadi dasar pengambilan keputusan strategis untuk implementasi model terbaik pada produk asuransi unit-link.
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The internship was conducted at a consulting firm in Indonesia within the Life Insurance unit. The purpose of the internship was to understand the implementation of actuarial theories in the workplace through a comparative analysis of the Variable Fee Approach (VFA) and the General Measurement Model (GMM) for unit-linked insurance products. The analysis was carried out using data from the Summary of Products and Services (RIPLAY) of Insurance Company X. VFA and GMM were employed to model profit testing and determine profit optimization for unit-linked insurance products. The internship findings revealed that the VFA model is better suited for insurance contracts with direct participating contracts due to its ability to reduce volatility in profit and loss statements. On the other hand, GMM, as a more generalized model, offers flexibility in handling various types of insurance contracts. Additionally, the analytical approach involved calculating cash flows, liabilities, and the Contractual Service Margin (CSM) over a five-year policy period. VFA demonstrated a more structured amortization of CSM, while GMM highlighted more straightforward liability estimation. This study concludes that the choice of model depends on the complexity of the insurance contract and the need for transparency in financial reporting.Through this analysis, the report provides Insurance Company X with insights into profit optimization and risk management based on PSAK 117 and IFRS 17 regulations. These findings are expected to serve as a foundation for strategic decision-making in implementing the most suitable model for unit-linked insurance products.
| Item Type: | Monograph (Project Report) |
|---|---|
| Uncontrolled Keywords: | Variable Fee Approach, General Measurement Model, profit testing, IFRS 17, asuransi unit-link =========================================================== Variable Fee Approach, General Measurement Model, profit testing, IFRS 17, unit-link insurance |
| Subjects: | Q Science > QA Mathematics > QA11 .A36 1991 Mathematics--Study and teaching. |
| Divisions: | Faculty of Science and Data Analytics (SCIENTICS) > Actuaria > 94203-(S1) Undergraduate Thesis |
| Depositing User: | Claresta Annisa Rahmandri |
| Date Deposited: | 09 Jan 2025 08:59 |
| Last Modified: | 09 Jan 2025 08:59 |
| URI: | http://repository.its.ac.id/id/eprint/116229 |
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