IunsurTech Terminology

The following is a list of bilingual life insurance terminology extracted from reliable sources, such as textbooks from the Society of Actuaries of Japan and the United States. Use it at your own risk.

This page is currently under construction.

Commutation function

Commutation functions simplify the calculation of numerical values for many actuarial functions. Examples: Dx, Nx, Cx, Mx

計算基数　

Discount factor

ν = 1/(1+i)

現価率

Rate of discount

d = i/(1+i)

割引率

Specified insurance contract under Article 300-2 of the Insurance Business Act of Japan

Life insurance with market risk, such as variable life insurance, variable annuities, and foreign-currency-denominated insurance.

特定保険契約