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

ifrs17sim.policy.PolicyID¶: Policy ID

References in Base

ifrs17sim.policy.PolicyData¶: Input.PolicyData

ifrs17sim.policy.ProductSpec¶: Input.ProductSpec

ifrs17sim.policy.LifeTable¶: LifeTable

ifrs17sim.policy.Gen¶: Generation key

References in Sub

ifrs17sim.policy.Product¶: Product key

ifrs17sim.policy.PolicyType¶: Policy type key

ifrs17sim.policy.Gen: Generation key

ifrs17sim.policy.Channel¶: Channel key

ifrs17sim.policy.Sex¶: M for Male, F for Female

ifrs17sim.policy.Duration¶: Number of years lapsed. 0 for new business

ifrs17sim.policy.IssueAge¶: Issue age

ifrs17sim.policy.PremFreq¶: Number of premium payments per year. 12 for monthly payments

ifrs17sim.policy.PolicyTerm¶: Policy term in year

ifrs17sim.policy.PolicyCount¶: Number of policies

ifrs17sim.policy.SumAssured¶: Sum Assured per policy

Cells

`AnnualizedPremRate`()	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
`LoadMaintGP`()	Maintenance Loading per Gross Premium
`LoadMaintPremWaiverGP`()	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
`NLPReserveRate`(basis, t)	Net level premium reserve rate
`NetPremRate`(basis)	Net Premium Rate
`ReserveRate`()	Valuation Reserve Rate per Sum Assured
`SurrCharge`(t)	Surrender Charge Rate per Sum Assured
`TableID`(RateBasis)	Mortality Table ID
`UnearnedPremRate`()	Unearned Premium Rate

ifrs17sim.policy.IntRate(RateBasis)[source]¶: Interest Rate

ifrs17sim.policy.TableID(RateBasis)[source]¶: Mortality Table ID

ifrs17sim.policy.LoadAcqSA()[source]¶: Acquisition Loading per Sum Assured

ifrs17sim.policy.LoadMaintGP()[source]¶: Maintenance Loading per Gross Premium

ifrs17sim.policy.LoadMaintPremWaiverGP()[source]¶: Maintenance Loading per Gross Premium for Premium Waiver

ifrs17sim.policy.LoadMaintSA()[source]¶: Maintenance Loading per Sum Assured during Premium Payment

ifrs17sim.policy.LoadMaintSA2()[source]¶: Maintenance Loading per Sum Assured after Premium Payment

ifrs17sim.policy.InitSurrCharge()[source]¶: Initial Surrender Charge Rate

ifrs17sim.policy.NetPremRate(basis)[source]¶: Net Premium Rate

ifrs17sim.policy.GrossPremRate()[source]¶: Gross Premium Rate per Sum Assured per payment

ifrs17sim.policy.AnnualizedPremRate()[source]¶: Annualized Premium Rate per Sum Assured

ifrs17sim.policy.GrossPremTable()[source]¶: Gross premium table

ifrs17sim.policy.NLPReserveRate(basis, t)[source]¶: Net level premium reserve rate

ifrs17sim.policy.ReserveRate()[source]¶: Valuation Reserve Rate per Sum Assured

ifrs17sim.policy.SurrCharge(t)[source]¶: Surrender Charge Rate per Sum Assured

ifrs17sim.policy.CashValueRate(t)[source]¶: Cash Value Rate per Sum Assured

ifrs17sim.policy.UnearnedPremRate()[source]¶: Unearned Premium Rate