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Actuarial projection system

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  1. Abstract
  2. System study
    1. Feasibility study, existing sytem and proposed system
  3. Language specifications
    1. Features of ASP .NET
    2. Features of MS access 2000
  4. System design
    1. Input design, output design, database design and data flow diagram
  5. System testing and maintenance
    1. Unit testing, integration testing and validation testing
  6. System implementation
    1. Scope for future development
  7. Conclusion, bibliography and appendix
  8. List of figures and abbreviations
  9. Hardware specifications
    1. Processor: Pentium III 766 MHZ, RAM: 128 MD SD RAM, Monitor: 15" COLOR
    2. Hard disk: 20GB, Floppy drive: 1.44 MB, CD drive: LG 52X
  10. Software specifications
    1. Operating system: Windows 2000 professional, Environment: Visual studio .NET 2005
    2. .Net framework: Version 2.0, Language: VB.Net
    3. Web technology: Active server pages.NET, Web server: Internet information server 5.0
    4. Back end: Ms-access 2000, Reports: Web form data grid control

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.

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