The project “Designing and Development Of Insurance Agent Samurai” is designed using Microsoft Visual Studio.Net 2005 as front end and Microsoft SQL Server 2000 as backend which works in .Net framework version 2.0. The coding language used is C# .Net.
The Designing and Development Of Insurance Agent Samurai was developed as an undergraduate project expounding typical actuarial calculations undertaken in the product pricing process and as an example how computing power can help professionals in their daily work. Although it is not as sophisticated as most modeling software is in APS. Through APS, the user can project/calculate from the simplest calculation of the value of premiums, expenses, claims, investment returns, cash flows and funds whether deterministic nature or stochastic in nature. Other than that, a user can calculate statutory reserves, which when compared with accumulated funds enables the estimation of profit and hence, test the solvency of an office at a given point of time.
The study also explains how this change moderated relationships between such stakeholder groups as employees, investors, regulators, professional advisors and tax authorities. The pension plan was a key economic benefit that sought to increase employee retention and morale through the promise of retirement compensation for diligent, long-term service. It also sought to address humanely the economic problems of old age in a rising urban-industrial society, which had scant resources dedicated to social welfare. Although originally a pay-as-you-go system, the escalating costs associated with a rapidly expanding workforce forced its abandonment in favor of an actuarially based system
This system also performs the steps of processing input data, including a financial forecast for a life insurance contract and further including a financial...