Modelling of Individual Insurance Risks

The diploma thesis deals with the issue of insurance risks in the area of life insurance from the perspective of the client. The first part is devoted to the basic concepts of life insurance. Then the basic ideas of optimization are described. The second part focuses on creating a model for an easier understanding of concept of life insurance and on the setting of the most optimal insurance options that respond to the client. Emphasis is put on maximizing client benefits. The created model is based on with real data and is processed in the MS Excel spreadsheet