BaseProj¶

Base Space for the OuterProj and InnerProj.

This Space serves as a base Space for OuterProj and InnerProj, and it contains Cells for cashflow projection.

Inheritance Structure

Pols:: Cells whose names start with Pols deal with number of policies. For example, PolsDeath(t) represents number of deaths between time t and t+1.
Size:: Cells whose names start with Size represents an amount per policy. For example, SizeBenefitDeath represents sum assured per policy.
Exps:: Cells whose names start with Exps represents expense cashflows. For example, ExpsCommRen means the renewal commission cashflow.
Benefit:: Cells whose names start with Benefit represents benefit cashflows. For example, BenefitDeath(t) death benefits incurred between t and t+1.

Cells

`AccumCF`(t)	Accumulated cashflows
`AttAge`(t)	Attained age at time `t`
`BenefitAccDth`(t)	Accidental death benefits
`BenefitAccHosp`(t)	Accidental hospitalization benefits
`BenefitAnn`(t)	Annuity benefits
`BenefitDeath`(t)	Death benefits
`BenefitLiving`(t)	Living benefits
`BenefitMat`(t)	Matuirty benefits
`BenefitOther`(t)	Other benefits
`BenefitSickHosp`(t)	Sickness hospitalization benefits
`BenefitSurg`(t)	Surgery benefits
`BenefitSurr`(t)	Surrender benefits
`BenefitTotal`(t)	Benefit Total
`ChangeRsrv`(t)	Change in reserve
`ExpsAcq`(t)	Acquisition expenses
`ExpsAcqTotal`(t)	Commissions and acquisition expenses
`ExpsCommInit`(t)	Initial commissions
`ExpsCommRen`(t)	Renewal commissions
`ExpsCommTotal`(t)	Commissions Total
`ExpsMaint`(t)	Maintenance expenses
`ExpsMaintTotal`(t)	Total maintenance expenses including other expenses
`ExpsOther`(t)	Other expenses
`ExpsTotal`(t)	Total expenses
`IncomeTotal`(t)	Income Total
`InflFactor`(t)
`InsurIF_Beg1`(t)	Insurance in-force: Beginning of period 1
`InsurIF_End`(t)	Insurance in-force: End of period
`IntAccumCF`(t)	Intrest on accumulated cashflows
`InvstIncome`(t)	Investment income
`InvstRetRate`(t)
`NetInsurCF`(t)	Net liability cashflow
`PolsAccDeath`(t)	Number of policies: Accidental death
`PolsAccHosp`(t)	Number of policies: Accidental Hospitalization
`PolsAnnuity`(t)	Number of policies: Annuity
`PolsDeath`(t)	Number of policies: Death
`PolsIF_AftMat`(t)	Number of policies: Maturity
`PolsIF_Beg`(t)	Number of policies: Beginning of period
`PolsIF_Beg1`(t)	Number of policies: Beginning of period 1
`PolsIF_End`(t)	Number of policies: End of period
`PolsLiving`(t)	Number of policies: Living benefits
`PolsMaturity`(t)	Number of policies: Maturity
`PolsNewBiz`(t)	Number of policies: New business
`PolsOther`(t)	Number of policies: Other benefits
`PolsRenewal`(t)	Number of policies: Renewal policies
`PolsSickHosp`(t)	Number of policies: Sickness Hospitalization
`PolsSurg`(t)	Number of policies: Surgery
`PolsSurr`(t)	Number of policies: Surrender
`PremIncome`(t)	Premium income
`ProfitBefTax`(t)	Profit before Tax
`ReserveHospRsrvEnd`(t)	Hospitalization reserve: End of period
`ReservePremRsrvEnd`(t)	Premium reserve: End of period
`ReserveTotal_End`(t)	Total reserve: End of period
`ReserveUernPremEnd`(t)	Unearned Premium: End of period
`SizeAnnPrem`(t)	Annualized premium per policy at time `t`
`SizeBenefitAccDth`(t)	Accidental death benefit per policy
`SizeBenefitAccHosp`(t)	Accidental hospitalization benefit per policy
`SizeBenefitAnn`(t)	Annuity benefit per policy
`SizeBenefitDeath`(t)	Death benefit per policy
`SizeBenefitLiving`(t)	Living benefit per policy
`SizeBenefitMat`(t)	Maturity benefit per policy
`SizeBenefitOther`(t)	Other benefit per policy
`SizeBenefitSickHosp`(t)	Sickness hospitalization benefit per policy
`SizeBenefitSurg`(t)	Surgery benefit per policy
`SizeBenefitSurr`(t)	Surrender benefit per policy
`SizeExpsAcq`(t)	Acquisition expense per policy at time t
`SizeExpsCommInit`(t)	Initial commission per policy at time t
`SizeExpsCommRen`(t)	Renewal commission per policy at time t
`SizeExpsMaint`(t)	Maintenance expense per policy at time t
`SizeExpsOther`(t)	Other expenses per policy at time t
`SizeInvstIncome`(t)	Investment Income per policy from t to t+1
`SizePremium`(t)	Premium income per policy from t to t+1
`SizeReservePremRsrvAftMat`(t)	Premium reserve per policy: After maturity
`SizeReservePremRsrvEnd`(t)	Premium reserve per policy: End of period
`SizeReserveTotalAftMat`(t)	Total reserve per policy: After maturity
`SizeReserveUernPremAftMat`(t)	Unearned premium: After maturity
`SizeReserveUernPremEnd`(t)	Unearned reserve per policy: End of period
`SizeSumAssured`(t)	Sum assured per policy at time `t`
`SurrRateMult`(t)	Surrender rate multiple (Default: 1)
`last_t`()

AccumCF(t)[source]¶: Accumulated cashflows

AttAge(t)[source]¶: Attained age at time t

BenefitAccDth(t)[source]¶: Accidental death benefits

BenefitAccHosp(t)[source]¶: Accidental hospitalization benefits

BenefitAnn(t)[source]¶: Annuity benefits

BenefitDeath(t)[source]¶: Death benefits

BenefitLiving(t)[source]¶: Living benefits

BenefitMat(t)[source]¶: Matuirty benefits

BenefitOther(t)[source]¶: Other benefits

BenefitSickHosp(t)[source]¶: Sickness hospitalization benefits

BenefitSurg(t)[source]¶: Surgery benefits

BenefitSurr(t)[source]¶: Surrender benefits

BenefitTotal(t)[source]¶: Benefit Total

ChangeRsrv(t)[source]¶: Change in reserve

ExpsAcq(t)[source]¶: Acquisition expenses

ExpsAcqTotal(t)[source]¶: Commissions and acquisition expenses

ExpsCommInit(t)[source]¶: Initial commissions

ExpsCommRen(t)[source]¶: Renewal commissions

ExpsCommTotal(t)[source]¶: Commissions Total

ExpsMaint(t)[source]¶: Maintenance expenses

ExpsMaintTotal(t)[source]¶: Total maintenance expenses including other expenses

ExpsOther(t)[source]¶: Other expenses

ExpsTotal(t)[source]¶: Total expenses

IncomeTotal(t)[source]¶: Income Total

InsurIF_Beg1(t)[source]¶: Insurance in-force: Beginning of period 1

InsurIF_End(t)[source]¶: Insurance in-force: End of period

IntAccumCF(t)[source]¶: Intrest on accumulated cashflows

InvstIncome(t)[source]¶: Investment income

NetInsurCF(t)[source]¶: Net liability cashflow

PolsAccDeath(t)[source]¶: Number of policies: Accidental death

PolsAccHosp(t)[source]¶: Number of policies: Accidental Hospitalization

PolsAnnuity(t)[source]¶: Number of policies: Annuity

PolsDeath(t)[source]¶: Number of policies: Death

PolsIF_AftMat(t)[source]¶: Number of policies: Maturity

PolsIF_Beg(t)[source]¶: Number of policies: Beginning of period

PolsIF_Beg1(t)[source]¶: Number of policies: Beginning of period 1

PolsIF_End(t)[source]¶: Number of policies: End of period

PolsLiving(t)[source]¶: Number of policies: Living benefits

PolsMaturity(t)[source]¶: Number of policies: Maturity

PolsNewBiz(t)[source]¶: Number of policies: New business

PolsOther(t)[source]¶: Number of policies: Other benefits

PolsRenewal(t)[source]¶: Number of policies: Renewal policies

PolsSickHosp(t)[source]¶: Number of policies: Sickness Hospitalization

PolsSurg(t)[source]¶: Number of policies: Surgery

PolsSurr(t)[source]¶: Number of policies: Surrender

PremIncome(t)[source]¶: Premium income

ProfitBefTax(t)[source]¶: Profit before Tax

ReserveHospRsrvEnd(t)[source]¶: Hospitalization reserve: End of period

ReservePremRsrvEnd(t)[source]¶: Premium reserve: End of period

ReserveTotal_End(t)[source]¶: Total reserve: End of period

ReserveUernPremEnd(t)[source]¶: Unearned Premium: End of period

SizeAnnPrem(t)[source]¶: Annualized premium per policy at time t

SizeBenefitAccDth(t)[source]¶: Accidental death benefit per policy

SizeBenefitAccHosp(t)[source]¶: Accidental hospitalization benefit per policy

SizeBenefitAnn(t)[source]¶: Annuity benefit per policy

SizeBenefitDeath(t)[source]¶: Death benefit per policy

SizeBenefitLiving(t)[source]¶: Living benefit per policy

SizeBenefitMat(t)[source]¶: Maturity benefit per policy

SizeBenefitOther(t)[source]¶: Other benefit per policy

SizeBenefitSickHosp(t)[source]¶: Sickness hospitalization benefit per policy

SizeBenefitSurg(t)[source]¶: Surgery benefit per policy

SizeBenefitSurr(t)[source]¶: Surrender benefit per policy

SizeExpsAcq(t)[source]¶: Acquisition expense per policy at time t

SizeExpsCommInit(t)[source]¶: Initial commission per policy at time t

SizeExpsCommRen(t)[source]¶: Renewal commission per policy at time t

SizeExpsMaint(t)[source]¶: Maintenance expense per policy at time t

SizeExpsOther(t)[source]¶: Other expenses per policy at time t

SizeInvstIncome(t)[source]¶: Investment Income per policy from t to t+1

SizePremium(t)[source]¶: Premium income per policy from t to t+1

SizeReservePremRsrvAftMat(t)[source]¶: Premium reserve per policy: After maturity

SizeReservePremRsrvEnd(t)[source]¶: Premium reserve per policy: End of period

SizeReserveTotalAftMat(t)[source]¶: Total reserve per policy: After maturity

SizeReserveUernPremAftMat(t)[source]¶: Unearned premium: After maturity

SizeReserveUernPremEnd(t)[source]¶: Unearned reserve per policy: End of period

SizeSumAssured(t)[source]¶: Sum assured per policy at time t

SurrRateMult(t)[source]¶: Surrender rate multiple (Default: 1)

IFRS17 Simulation (Lapse Scenario)

Assumptions