Source code for ifrs17sim.projection
"""Source module to create ``Projection`` space from.
.. rubric:: Project Templates
This module is included in the following project templates.
* :mod:`simplelife`
* :mod:`nestedlife`
.. rubric:: References
Attributes:
pol: Alias to :py:mod:`Policy<simplelife.policy>` space
asmp: Alias to :py:mod:`Assumption<simplelife.assumptions>` space
scen: Alias to :py:mod:`Economic<simplelife.economic>` space
"""
def last_t():
return min(asmp.LastAge - pol.IssueAge, pol.PolicyTerm)
[docs]def ppl_Age(t):
"""Attained age at time ``t``"""
return pol.IssueAge + t
[docs]def ppl_SumAssured(t):
"""Sum assured per policy at time ``t``"""
return pol.SumAssured
[docs]def ppl_AnnualizedPrem(t):
"""Annualized premium per policy at time ``t``"""
return ppl_SumAssured(t) * pol.AnnualizedPremRate
# --- Income ---
[docs]def ppl_incm_Premium(t):
"""Premium income per policy from t to t+1"""
return ppl_SumAssured(t) * pol.GrossPremRate * pol.PremFreq
[docs]def ppl_incm_Investment(t):
"""Investment Income per policy from t to t+1"""
return (ppl_rsv_Total_AfterMat(t) + ppl_incm_Premium(t)) * scen.InvRetRate(t)
[docs]def ppl_incm_Total(t):
"""Income Total per policy"""
return prj_incm_Premium(t) + prj_incm_Investment(t)
# --- Comissions ---
[docs]def ppl_exps_CommInit(t):
"""Initial commission per policy at time t"""
if t == 0:
return ppl_incm_Premium(t) * asmp.CmsnInitPrem * (1 + asmp.CnsmpTax)
else:
return 0
[docs]def ppl_exps_CommRen(t):
"""Renewal commission per policy at time t"""
if t == 0:
return 0
elif t < asmp.CmsnRenTerm:
return ppl_incm_Premium(t) * asmp.CmsnRenPrem * (1 + asmp.CnsmpTax)
else:
return 0
# --- Expenses ---
[docs]def ppl_exps_Acq(t):
"""Acquisition expense per policy at time t"""
if t == 0:
return ppl_AnnualizedPrem(t) * asmp.ExpsAcqAP \
+ (ppl_SumAssured(t) * asmp.ExpsAcqSA + asmp.ExpsAcqPol) \
* scen.InflFac(t) / scen.InflFac(0)
else:
return 0
[docs]def ppl_exps_Maint(t):
"""Maintenance expense per policy at time t"""
return ppl_AnnualizedPrem(t) * asmp.ExpsMaintAP \
+ (ppl_SumAssured(t) * asmp.ExpsMaintSA + asmp.ExpsMaintPol) \
* scen.InflFac(t)
[docs]def ppl_exps_Other(t):
"""Other expenses per policy at time t"""
return 0
# --- Benfeits ---
[docs]def ppl_bnft_Death(t):
"""Death benefit per policy"""
return ppl_SumAssured(t)
[docs]def ppl_bnft_AccDeath(t):
"""Accidental death benefit per policy"""
return 0
[docs]def ppl_bnft_Surrender(t):
"""Surrender benefit per policy"""
return ppl_SumAssured(t) * (pol.CashValueRate(t) + pol.CashValueRate(t + 1)) / 2
[docs]def ppl_bnft_Annuity(t):
"""Annuity benefit per policy"""
return 0
[docs]def ppl_bnft_Maturity(t):
"""Maturity benefit per policy"""
return 0
[docs]def ppl_bnft_AccHosp(t):
"""Accidental hospitalization benefit per policy"""
return 0
[docs]def ppl_bnft_SickHosp(t):
"""Sickness hospitalization benefit per policy"""
return 0
[docs]def ppl_bnft_Surgery(t):
"""Surgery benefit per policy"""
return 0
[docs]def ppl_bnft_Living(t):
"""Living benefit per policy"""
return 0
[docs]def ppl_bnft_Other(t):
"""Other benefit per policy"""
return 0
# --- Reserve ---
[docs]def ppl_rsv_PremReserve_AfterMat(t):
"""Premium reserve per policy: After maturity"""
return ppl_SumAssured(t) * pol.NLPReserveRate('VAL', t)
[docs]def ppl_rsv_UnearnedPrem_AfterMat(t):
"""Unearned premium: After maturity"""
return 0 # ppl_SumAssured(t) * polset.UnernPremRate(polset, tt, True)
[docs]def ppl_rsv_Total_AfterMat(t):
"""Total reserve per policy: After maturity"""
return ppl_rsv_PremReserve_AfterMat(t) \
+ ppl_rsv_UnearnedPrem_AfterMat(t)
[docs]def ppl_rsv_PremReserve_EoP(t):
"""Premium reserve per policy: End of period"""
return ppl_SumAssured(t) * pol.NLPReserveRate('VAL', t)
[docs]def ppl_rsv_UnearnedPrem_EoP(t):
"""Unearned reserve per policy: End of period"""
return 0 # ppl_SumAssured(t) * pol.UnernPremRate(polset, tt)
[docs]def ppl_rsv_HospReserve_EoP(t):
"""Hospitalization reserve per policy: End of period"""
return 0
# --------------------------------------------------------------------------
# Number of Policies
[docs]def nop_BoP(t):
"""Number of policies: Beginning of period"""
return nop_AfterMat(t)
[docs]def nop_Renewal(t):
"""Number of policies: Renewal policies"""
return 0
[docs]def nop_NewBiz(t):
"""Number of policies: New business"""
return pol.PolicyCount if t == 0 else 0
[docs]def nop_BoP1(t):
"""Number of policies: Beginning of period 1"""
return nop_BoP(t) + nop_Renewal(t) + nop_NewBiz(t)
[docs]def nop_Death(t):
"""Number of policies: Death"""
return nop_BoP1(t) * asmp.BaseMortRate(ppl_Age(t)) * asmp.MortFactor(t)
[docs]def nop_AccDeath(t):
"""Number of policies: Accidental death"""
return 0
[docs]def nop_Surrender(t):
"""Number of policies: Surrender"""
return nop_BoP1(t) * asmp.SurrRate(t)
[docs]def nop_Annuity(t):
"""Number of policies: Annuity"""
return 0
[docs]def nop_AccHosp(t):
"""Number of policies: Accidental Hospitalization"""
return 0
[docs]def nop_SickHosp(t):
"""Number of policies: Sickness Hospitalization"""
return 0
[docs]def nop_Surgery(t):
"""Number of policies: Surgery"""
return 0
[docs]def nop_Living(t):
"""Number of policies: Living benefits"""
return 0
[docs]def nop_Other(t):
"""Number of policies: Other benefits"""
return 0
[docs]def nop_EoP(t):
"""Number of policies: End of period"""
if t == 0:
return 0 # pol.PolicyCount
else:
return nop_BoP1(t - 1) - nop_Death(t - 1) - nop_Surrender(t - 1)
[docs]def nop_Maturity(t):
"""Number of policies: Maturity"""
if t == pol.PolicyTerm:
return nop_EoP(t)
else:
return 0
[docs]def nop_AfterMat(t):
"""Number of policies: Maturity"""
return nop_EoP(t) - nop_Maturity(t)
#--- Per Policy * Policy Counts ---
[docs]def prj_incm_Premium(t):
"""Premium income"""
return ppl_incm_Premium(t) * nop_BoP1(t)
[docs]def prj_incm_Investment(t):
"""Investment income"""
return ppl_incm_Investment(t) * nop_BoP1(t)
[docs]def prj_incm_Total(t):
"""Income Total"""
return prj_incm_Premium(t) + prj_incm_Investment(t)
[docs]def prj_exps_CommInit(t):
"""Initial commissions"""
return ppl_exps_CommInit(t) * nop_BoP1(t)
[docs]def prj_exps_CommRen(t):
"""Renewal commissions"""
return ppl_exps_CommRen(t) * nop_BoP1(t)
[docs]def prj_exps_CommTotal(t):
"""Commissions Total"""
return prj_exps_CommInit(t) + prj_exps_CommRen(t)
[docs]def prj_exps_Acq(t):
"""Acquisition expenses"""
return ppl_exps_Acq(t) * (nop_NewBiz(t) + nop_Renewal(t))
[docs]def prj_exps_Maint(t):
"""Maintenance expenses"""
return ppl_exps_Maint(t) * nop_BoP1(t)
[docs]def prj_exps_Other(t):
"""Other expenses"""
return 0
[docs]def prj_exps_Total(t):
"""Total expenses"""
return prj_exps_CommInit(t) + prj_exps_CommRen(t) \
+ prj_exps_Acq(t) + prj_exps_Maint(t) + prj_exps_Other(t)
[docs]def prj_bnft_Death(t):
"""Death benefits"""
return ppl_bnft_Death(t) * nop_Death(t)
[docs]def prj_bnft_AccDeath(t):
"""Accidental death benefits"""
return ppl_bnft_AccDeath(t) * nop_AccDeath(t)
[docs]def prj_bnft_Surrender(t):
"""Surrender benefits"""
return ppl_bnft_Surrender(t) * nop_Surrender(t)
[docs]def prj_bnft_Annuity(t):
"""Annuity benefits"""
return ppl_bnft_Annuity(t) * nop_Annuity(t)
[docs]def prj_bnft_Maturity(t):
"""Matuirty benefits"""
return ppl_bnft_Maturity(t) * nop_Maturity(t)
[docs]def prj_bnft_AccHosp(t):
"""Accidental hospitalization benefits"""
return ppl_bnft_AccHosp(t) * nop_AccHosp(t)
[docs]def prj_bnft_SickHosp(t):
"""Sickness hospitalization benefits"""
return ppl_bnft_SickHosp(t) * nop_SickHosp(t)
[docs]def prj_bnft_Surgery(t):
"""Surgery benefits"""
return ppl_bnft_Surgery(t) * nop_Surgery(t)
[docs]def prj_bnft_Living(t):
"""Living benefits"""
return ppl_bnft_Living(t) * nop_Living(t)
[docs]def prj_bnft_Other(t):
"""Other benefits"""
return ppl_bnft_Other(t) * nop_Other(t)
[docs]def prj_bnft_Total(t):
"""Benefit Total"""
return \
prj_bnft_Maturity(t) \
+ prj_bnft_Death(t) \
+ prj_bnft_AccDeath(t) \
+ prj_bnft_Surrender(t) \
+ prj_bnft_Annuity(t) \
+ prj_bnft_AccHosp(t) \
+ prj_bnft_SickHosp(t) \
+ prj_bnft_Surgery(t) \
+ prj_bnft_Living(t) \
+ prj_bnft_Other(t)
[docs]def prj_NetLiabilityCashflow(t):
"""Net liability cashflow"""
return \
prj_incm_Premium(t) \
- prj_bnft_Total(t) \
- prj_exps_Total(t)
[docs]def pv_incm_Premium(t):
"""Present value of premium income"""
if t > last_t:
return 0
else:
return prj_incm_Premium(t) + pv_incm_Premium(t + 1) / (1 + scen.DiscRate(t))
[docs]def pv_bnft_Surrender(t):
"""Present value of surrender benefits"""
if t > last_t:
return 0
else:
return (-prj_bnft_Surrender(t) + pv_bnft_Surrender(t + 1)) / (1 + scen.DiscRate(t))
[docs]def pv_bnft_Death(t):
"""Present value of death benefits"""
if t > last_t:
return 0
else:
return (-prj_bnft_Death(t) + pv_bnft_Death(t + 1)) / (1 + scen.DiscRate(t))
[docs]def pv_exps_CommTotal(t):
"""Present value of total expenses"""
if t > last_t:
return 0
else:
return - prj_exps_CommTotal(t) + pv_exps_CommTotal(t + 1) / (1 + scen.DiscRate(t))
[docs]def pv_exps_Acq(t):
"""Present value of total expenses"""
if t > last_t:
return 0
else:
return - prj_exps_Acq(t) + pv_exps_Acq(t + 1) / (1 + scen.DiscRate(t))
[docs]def pv_exps_Maint(t):
"""Present value of total expenses"""
if t > last_t:
return 0
else:
return - prj_exps_Maint(t) + pv_exps_Maint(t + 1) / (1 + scen.DiscRate(t))
[docs]def pv_exps_Total(t):
"""Present value of total expenses"""
if t > last_t:
return 0
else:
return - prj_exps_Total(t) + pv_exps_Total(t + 1) / (1 + scen.DiscRate(t))
[docs]def pv_NetLiabilityCashflow(t):
"""Present value of net liability cashflow"""
if t > last_t:
return 0
else:
return pv_NetLiabilityCashflow(t + 1) / (1 + scen.DiscRate(t)) \
+ prj_incm_Premium(t) \
- prj_bnft_Total(t) / (1 + scen.DiscRate(t)) \
- prj_exps_Total(t)
[docs]def prj_ChangeInReserve(t):
"""Change in reserve"""
return prj_rsv_Total_EoP(t + 1) - prj_rsv_Total_EoP(t)
[docs]def prj_ProfitBeforeTax(t):
"""Profit before Tax"""
return \
prj_incm_Premium(t) \
+ prj_incm_Investment(t) \
- prj_bnft_Total(t) \
- prj_exps_Total(t) \
- prj_ChangeInReserve(t)
[docs]def prj_rsv_PremReserve_EoP(t):
"""Premium reserve: End of period"""
return ppl_rsv_PremReserve_EoP(t) * nop_EoP(t)
[docs]def prj_rsv_UnearnedPrem_EoP(t):
"""Unearned Premium: End of period"""
return 0
[docs]def prj_rsv_HospReserve_EoP(t):
"""Hospitalization reserve: End of period"""
return 0
[docs]def prj_rsv_Total_EoP(t):
"""Total reserve: End of period"""
return prj_rsv_PremReserve_EoP(t) \
+ prj_rsv_UnearnedPrem_EoP(t)\
+ prj_rsv_HospReserve_EoP(t)
[docs]def prj_InsInForce_EoP(t):
"""Insurance in-force: End of period"""
return nop_EoP(t) * ppl_SumAssured(t)
[docs]def prj_InsInForce_BoP1(t):
"""Insurance in-force: Beginning of period 1"""
return nop_BoP1(t) * ppl_SumAssured(t)