Source code for nestedlife.policy

"""Source module to create ``Policy`` space from.

This module is a source module to create ``Policy`` space and its
sub spaces from.
The formulas of the cells in the ``Policy`` space are created from the
functions defined in this module.

The ``Policy`` space is the base space of the policy spaces
for individual policies, which are derived from and belong to
the ``Policy`` space as its dynamic child spaces.

The policy spaces for individual policies are parametrized by ``PolicyID``.
For example, to get the policy space of the policy whose ID is 171::

    >> pol = model.Policy(171)

The cells in a policy space for each individual policy retrieve
input data, calculate and hold values of policy attributes specific to that policy,
so various spaces in :mod:`Input<simplelife.build_input>` must be accessible
from the ``Policy`` space.

.. rubric:: Project Templates

This module is included in the following project templates.

* :mod:`simplelife`
* :mod:`nestedlife`

.. rubric:: Space Parameters

Attributes:
    PolicyID: Policy ID

.. rubric:: References in Base

Attributes:
    PolicyData: Input.PolicyData
    ProductSpec: Input.ProductSpec
    LifeTable: LifeTable
    Gen: Generation key

.. rubric:: References in Sub

Attributes:
    Product: Product key
    PolicyType: Policy type key
    Gen: Generation key
    Channel: Channel key
    Sex: ``M`` for Male, ``F`` for Female
    Duration: Number of years lapsed. 0 for new business
    IssueAge: Issue age
    PremFreq: Number of premium payments per year. 12 for monthly payments
    PolicyTerm: Policy term in year
    PolicyCount: Number of policies
    SumAssured: Sum Assured per policy
"""


# Policy Attributes

policy_attrs = ['Product',
                'PolicyType',
                'Gen',
                'Channel',
                'Sex',
                'Duration',
                'IssueAge',
                # 'WholeTermPaymentFlag',
                # 'PremTerm',
                # 'PremMode',
                'PremFreq',
                # 'WholeLifeFlag',
                'PolicyTerm',
                # 'MaxTerm',
                'PolicyCount',
                'SumAssured']
                # 'GrossPremMult']


[docs]def IntRate(RateBasis): """Interest Rate""" if RateBasis == 'PREM': int_rate = ProductSpec.IntRatePrem elif RateBasis == 'VAL': int_rate = ProductSpec.IntRateVal else: raise ValueError('invalid RateBasis') result = int_rate.match(Product, PolicyType, Gen).value if result is not None: return result else: raise ValueError('invalid RateBais')
[docs]def TableID(RateBasis): """Mortality Table ID""" if RateBasis == 'PREM': mort_table = ProductSpec.MortTablePrem elif RateBasis == 'VAL': mort_table = ProductSpec.MortTableVal else: raise ValueError('invalid RateBasis') result = mort_table.match(Product, PolicyType, Gen).value if result is not None: return result else: raise ValueError('invalid RateBais')
[docs]def LoadAcqSA(): """Acquisition Loading per Sum Assured""" param1 = ProductSpec.LoadAcqSAParam1(Product) param2 = ProductSpec.LoadAcqSAParam2(Product) return param1 + param2 * min(PolicyTerm / 10, 1)
[docs]def LoadMaintPrem(): """Maintenance Loading per Gross Premium""" if ProductSpec.LoadMaintPremParam1(Product) is not None: return ProductSpec.LoadMaintPremParam1(Product) elif ProductSpec.LoadMaintPremParam2(Product) is not None: param = ProductSpec.LoadMaintPremParam2(Product) return (param + min(10, PolicyTerm)) / 100 else: raise ValueError('LoadMaintPrem parameters not found')
[docs]def LoadMaintPremWaiverPrem(): """Maintenance Loading per Gross Premium for Premium Waiver""" if PremTerm < 5: return 0.0005 elif PremTerm < 10: return 0.001 else: return 0.002
[docs]def LoadMaintSA(): """Maintenance Loading per Sum Assured during Premium Payment""" result = ProductSpec.LoadMaintSA.match(Product, PolicyType, Gen).value if result is not None: return result else: raise ValueError('lookup failed')
[docs]def LoadMaintSA2(): """Maintenance Loading per Sum Assured after Premium Payment""" result = ProductSpec.LoadMaintSA2.match(Product, PolicyType, Gen).value if result is not None: return result else: raise ValueError('lookup failed')
[docs]def InitSurrCharge(): """Initial Surrender Charge Rate""" param1 = ProductSpec.SurrChargeParam1.match(Product, PolicyType, Gen).value param2 = ProductSpec.SurrChargeParam2.match(Product, PolicyType, Gen).value if param1 is None or param2 is None: raise ValueError('SurrChargeParam not found') return param1 + param2 * min(PolicyTerm / 10, 1)
[docs]def NetPremRate(basis): """Net Premium Rate""" gamma2 = LoadMaintSA2 comf = LifeTable[Sex, IntRate(basis), TableID(basis)] if Product == 'TERM' or Product == 'WL': return (comf.Axn(x, n) + gamma2 * comf.AnnDuenx(x, n-m, 1, m)) / comf.AnnDuenx(x, n) elif Product == 'ENDW': return (comf.Axn(x, n) + gamma2 * comf.AnnDuenx(x, n-m, 1, m)) / comf.AnnDuenx(x, n) else: raise ValueError('invalid product')
[docs]def GrossPremRate(): """Gross Premium Rate per Sum Assured per payment""" alpha = LoadAcqSA beta = LoadMaintPrem gamma = LoadMaintSA gamma2 = LoadMaintSA2 delta = LoadMaintPremWaiverPrem comf = LifeTable[Sex, IntRate('PREM'), TableID('PREM')] if Product == 'TERM' or Product == 'WL': return (comf.Axn(x, n) + alpha + gamma * comf.AnnDuenx(x, n, PremFreq) + gamma2 * comf.AnnDuenx(x, n-m, 1, m)) / (1-beta-delta) / PremFreq / comf.AnnDuenx(x, m, PremFreq) elif Product == 'ENDW': return (comf.Exn(x, n) + comf.Axn(x, n) + alpha + gamma * comf.AnnDuenx(x, n, PremFreq) + gamma2 * comf.AnnDuenx(x, n-m, 1, m)) / (1-beta-delta) / PremFreq / comf.AnnDuenx(x, m, PremFreq) else: raise ValueError('invalid product')
[docs]def AnnPremRate(): """Annualized Premium Rate per Sum Assured""" return GrossPremRate * (1/10 if PremFreq == 0 else PremFreq)
[docs]def GrossPremTable(): """Gross premium table""" return None
[docs]def ReserveNLP_Rate(basis, t): """Net level premium reserve rate""" gamma2 = LoadMaintSA2 lt = LifeTable[Sex, IntRate(basis), TableID(basis)] if t <= m: return lt.Axn(x+t, n-t) + gamma2 * lt.AnnDuenx(x+t, n-m, 1, m-t) \ - NetPremRate(basis) * lt.AnnDuenx(x+t, m-t) else: return lt.Axn(x+t, n-t) + gamma2 * lt.AnnDuenx(x+t, n-m, 1, m-t)
[docs]def ReserveRate(): """Valuation Reserve Rate per Sum Assured""" return None
[docs]def SurrCharge(t): """Surrender Charge Rate per Sum Assured""" return InitSurrCharge * max((min(m, 10) - t) / min(m, 10), 0)
[docs]def CashValueRate(t): """Cash Value Rate per Sum Assured""" return max(ReserveNLP_Rate('PREM', t) - SurrCharge(t), 0)
[docs]def UernPremRate(): """Unearned Premium Rate""" return None