Computations of risk premium rates for crop insurance
Date of Publication
1999
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Mathematics
College
College of Science
Department/Unit
Mathematics and Statistics
Abstract/Summary
Crop insurance has long been existing but has yet to be recognized. The Philippine Crop Insurance Corporation (PCIC) was established to serve the needs of Filipino farmers. These farmers pay a total premium, which is composed of risk premium and the loadings, regardless of the season for the whole Philippines. This paper aims to create a risk premium rate for Luzon, Visayas and Mindanao separately for wet and dry season based on a statistical proof that the season greatly affects the claims made by farmers during disasters. Using Hypothesis Testing and the Statistical Analysis System (SAS), it was shown that in Luzon there is a need to separate wet and dry risk premium rates. However, for Visayas and Mindanao it was proven otherwise. With these results, a single risk premium rate for these two (2) areas were obtained. The risk premium rates were attained through the derivation of equations from life insurance adjusted to non-life insurance conditions.
Abstract Format
html
Language
English
Format
Accession Number
TU09228
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
108 leaves
Recommended Citation
Catapang, C. M., & San Pablo, M. S. (1999). Computations of risk premium rates for crop insurance. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/16560