Actuarial projection system

Abstract

The project "Actuarial Projection System" 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.

Here 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 these, 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.

This system also performs the steps of processing input data, including a financial forecast for a life insurance contract and further including a financial forecast for an employee benefit, to generate processed data including an illustration representing the life insurance contract encumbered by an indenture agreement as a means of prefunding for future employee benefits.