Analisis Premi Asuransi Jiwa Menggunakan Model Cox Proportional Hazard

Abstract

<p>Cox proportional hazard model is a regression model that is used to see the factors that cause an event. The survival analysis used in this research is the period of time the client is able to pay the life insurance premium using Cox proportional hazard model with Breslow method.The purpose of this research is to know how sex, age, insured money, job, method of payment of premium, premium, and type of product can influence the level of ability of client to make payment of life insurance premium based on customer data from PT. BRI Life Insurance Branch of Jember in 2007.The result of this research is the final model of Cox proportional hazard obtained from several variables which have significant influence with simultaneous and partial significance test is the variable of insured money (<em>X<sub>3</sub></em>), variable of payment method of premium (<em>X<sub>5</sub></em>), premium variable (<em>X<sub>6</sub></em>) , and insurance product variable (<em>X<sub>7</sub></em>) . The four variables are said to have a significant effect on the model, so that the final model of Cox proportional hazard is obtained that consists of the parameter estimation (<em>β</em>) value of each variable</p><p> </p><p><strong>Keywords</strong><strong> : </strong>survival analysis; cox proportional hazard model; breslow method; life insurance.</p>

The Cox Proportional Hazard Model on Life Insurance Premium Payments Analysis

“…The customer's choice of type of insurance product influences the ability to pay premiums, because the insurance product determines the amount of premium that must be paid, the payment period and the amount of insurance money obtained. This is in line with the research results which states that the period of the ability to pay premiums is influenced by the amount of insurance money, the method of premium payment, the amount of premiums and the type of insurance product [11].…”

“…Research on life insurance premium insurance was carried out with the aim of analyzing the factors that influence the period of life insurance premium payment ability at an insurance company. Based on this research, it is known that the period of ability to pay premiums is influenced by the amount of insurance money, the method of premium payment, the amount of premiums and the type of insurance product [11]. In this study, researchers will analyze the period of premium payment ability using the Cox Proportional Hazard Model.…”

Survival Analysis with Cox Proportional Hazard Model for Tuberculosis (TBC) Patients

“…6. Testing the significance of the parameters of the cox proportional hazard regression estimator model using simultaneous test and partial test (Fajarini and Fatekurohman, 2018).…”

Calculation of Life Insurance Premium using Markov Chain

“…It is possible to carry out this analysis using a mathematical approach, especially in the field of statistics, one of which is using the survival function. The premium value is one of the factors that has a significant influence on participants' ability to pay insurance premiums [3]. One study that explains the influence of risk factors on the value of pensions and life annuity obligations, especially on unobserved risk factors, namely insurance participants who have a history of illness or hereditary disease and insurance participants who are under medical treatment (illness or accident) using several models, one of which is the Markov Chain [4].…”