Profit Software presents at major international life insurance conference

Between 6 and 11 September the financial-risk and life sections of the International Actuarial Association held their annual conference in Munich, Germany. Jari Niittuinperä, Development Director at Profit Software, was asked to attend the conference to present a paper entitled "Mortality when Converting from Conventional Life Insurance to Universal Life Insurance Policies."

Savings on insurance policies are calculated using either conventional techniques or more modern universal-life techniques. Mr. Niittuinperä has analyzed how the same policy savings can be achieved using either technique – simply by changing the mortality values.

"The speed of adopting universal-life techniques varies from country to country," says Mr. Niittuinperä. "In Central Europe in particular, where there are many policies with guaranteed interest, conventional techniques are still primarily used. But these policies could also be managed using the universal-life techniques I presented here at the conference."

Read Mr. Niittuinperä's paper ›