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 Input must be accessible from the Policy space.

Project Templates

This module is included in the following project templates.

Space Parameters

solvency2.policy.PolicyID¶: Policy ID

References in Base

solvency2.policy.PolicyData¶: Input.PolicyData

solvency2.policy.ProductSpec¶: Input.ProductSpec

solvency2.policy.LifeTable¶: LifeTable

solvency2.policy.Gen¶: Generation key

References in Sub

solvency2.policy.Product¶: Product key

solvency2.policy.PolicyType¶: Policy type key

solvency2.policy.Gen: Generation key

solvency2.policy.Channel¶: Channel key

solvency2.policy.Sex¶: M for Male, F for Female

solvency2.policy.Duration¶: Number of years lapsed. 0 for new business

solvency2.policy.IssueAge¶: Issue age

solvency2.policy.PremFreq¶: Number of premium payments per year. 12 for monthly payments

solvency2.policy.PolicyTerm¶: Policy term in year

solvency2.policy.PolicyCount¶: Number of policies

solvency2.policy.SumAssured¶: Sum Assured per policy

Cells

`AnnPremRate`()	Annualized Premium Rate per Sum Assured
`CashValueRate`(t)	Cash Value Rate per Sum Assured
`GrossPremRate`()	Gross Premium Rate per Sum Assured per payment
`GrossPremTable`()	Gross premium table
`InitSurrCharge`()	Initial Surrender Charge Rate
`IntRate`(RateBasis)	Interest Rate
`LoadAcqSA`()	Acquisition Loading per Sum Assured
`LoadMaintPrem`()	Maintenance Loading per Gross Premium
`LoadMaintPremWaiverPrem`()	Maintenance Loading per Gross Premium for Premium Waiver
`LoadMaintSA`()	Maintenance Loading per Sum Assured during Premium Payment
`LoadMaintSA2`()	Maintenance Loading per Sum Assured after Premium Payment
`NetPremRate`(basis)	Net Premium Rate
`ReserveNLP_Rate`(basis, t)	Net level premium reserve rate
`ReserveRate`()	Valuation Reserve Rate per Sum Assured
`SurrCharge`(t)	Surrender Charge Rate per Sum Assured
`TableID`(RateBasis)	Mortality Table ID
`UernPremRate`()	Unearned Premium Rate

solvency2.policy.IntRate(RateBasis)[source]¶: Interest Rate

solvency2.policy.TableID(RateBasis)[source]¶: Mortality Table ID

solvency2.policy.LoadAcqSA()[source]¶: Acquisition Loading per Sum Assured

solvency2.policy.LoadMaintPrem()[source]¶: Maintenance Loading per Gross Premium

solvency2.policy.LoadMaintPremWaiverPrem()[source]¶: Maintenance Loading per Gross Premium for Premium Waiver

solvency2.policy.LoadMaintSA()[source]¶: Maintenance Loading per Sum Assured during Premium Payment

solvency2.policy.LoadMaintSA2()[source]¶: Maintenance Loading per Sum Assured after Premium Payment

solvency2.policy.InitSurrCharge()[source]¶: Initial Surrender Charge Rate

solvency2.policy.NetPremRate(basis)[source]¶: Net Premium Rate

solvency2.policy.GrossPremRate()[source]¶: Gross Premium Rate per Sum Assured per payment

solvency2.policy.AnnPremRate()[source]¶: Annualized Premium Rate per Sum Assured

solvency2.policy.GrossPremTable()[source]¶: Gross premium table

solvency2.policy.ReserveNLP_Rate(basis, t)[source]¶: Net level premium reserve rate

solvency2.policy.ReserveRate()[source]¶: Valuation Reserve Rate per Sum Assured

solvency2.policy.SurrCharge(t)[source]¶: Surrender Charge Rate per Sum Assured

solvency2.policy.CashValueRate(t)[source]¶: Cash Value Rate per Sum Assured

solvency2.policy.UernPremRate()[source]¶: Unearned Premium Rate