Publication:
Unbiased gender premium rates: A study on Mortagage Reducing Term Assurance (MRTA)

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dc.contributor.author1Muhammad Syahmi Siranen_US
dc.contributor.authorMazlynda Md Yusuf,en_US
dc.contributor.authorYumn Suhaylah Yusoffen_US
dc.contributor.authorMohamad Yazis Ali Basahen_US
dc.date.accessioned2024-05-28T03:35:30Z
dc.date.available2024-05-28T03:35:30Z
dc.date.issued2015
dc.date.submitted--
dc.description.abstractInsurers priced insurance products based on the risk of the insured. As at current, gender is used as one of the main risk rating factors in premium pricing. The premium price may differ from one another as male and female tends to have different levels of risks. However, this practice has raised concerns towards the equal treatment of men and women in the insurance pricing. Moreover, since this issue had also become the heated debate in the European country it is interesting to investigate on the implication of using unbiased mortality rate in Malaysia. Therefore, this paper will be discussing on the practice of using unbiased mortality rate in insurance pricing. This paper is focused on the construction of unbiased mortality rate and profit testing for Mortgage Reducing Term Assurance (MRTA). Results have shown that the unbiased mortality rate could be implemented in Malaysia as it does not incur extra loses to the insurer.en_US
dc.identifier.citationMuhammad Syahmi Siran, Mazlynda Md Yusuf, Yumn Suhaylah Yusoff and Mohamad Yazis Ali Basah., Unbiased Gender Premium Rates: A Study on Mortgage Reducing Term Assurance (MRTA). Aust. J. Basic & Appl. Sci., 9(28): 214-218, 2015en_US
dc.identifier.epage218
dc.identifier.issn1991-8178
dc.identifier.issue28
dc.identifier.other520-21
dc.identifier.spage214
dc.identifier.urihttp://www.ajbasweb.com/old/ajbas/2015/Special%20IPN%20HCM%20Aug/214-218.pdf
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/4754
dc.identifier.volume9
dc.language.isoenen_US
dc.publisherAENSI Publisheren_US
dc.relation.ispartofAustralian Journal of Basic and Applied Sciencesen_US
dc.subjectInsurance pricing,en_US
dc.subjectgender-based premium,en_US
dc.subjectunbiased gender premium ratesen_US
dc.titleUnbiased gender premium rates: A study on Mortagage Reducing Term Assurance (MRTA)en_US
dc.typeArticleen_US
dspace.entity.typePublication

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