Gábor Szűcs

• Master of Science
• Assistant Professor at Comenius University Bratislava

The paper aims to assess various aspects concerning the payment phase of the old-age pension scheme, the socalled second pillar of the pension system in Slovakia. However, the conclusions may also be useful for other pension systems. Using the Lee-Carter model and standard actuarial methods, we conclude that the second pillar is advantageous for th...

One of the common challenges in actuarial mathematics is finding a model for the number of claims and claim severity. We focus on one of the suggested models, namely, on the Schröter family of discrete probability distributions. Furthermore, we introduce a simple and easy-to-compute parameter estimate for this family of distributions, which can be...

This product range includes, like the first, the basic product of pension insurance—a permanent monthly pension. However, it also contains products in which a permanent pension is extended by a guarantee of the payment of pensions during the first seven years of payment of the pension, either to the policyholder of the pension or to his survivors i...

An integral part of our model is the modelling of longevity as an essential part of the Solvency Capital Requirement. It is necessary to forecast future values of the probability of death and survival for each age in each future year. Our forecasts follow the methodology designed by the Austrian Actuarial Association published in Kainhofer et al. (...

This chapter gives probabilities related to actuarial modelling, namely relevant survival and mortality probabilities, the so-called deferred mortality probability, i.e., a probability that death occurs in some interval following a deferred period. Because our research considers monthly paid pension annuities, we consider the most common fractional...

This chapter gives several numbers, comparisons, tables, and graphical representations, which give us a picture not only individual products but also their comparison. It offers a reflection not only on pension savings and insurance but also on how to secure yourself for the retirement period. In addition, it also analyses the amount of pensions fr...

The profitability test is a method to evaluate all products, not just financial and insurance.Test of profitability Within pension products, the objective of the profitability test is to determine not only the optimal immediate monthly old-age pension annuity but also the general analysis of the profitability of the product examined. Usually, an ac...

In this chapter, we give the research questions and hypotheses that we set at the beginning of our analysis of the old-age pension annuities, and, of course, we answer them, and we also take a position on established hypotheses. In addition, we also offer a short, perhaps more philosophical discussion of the attitude to risk and overall long-term s...

Motivation: Non-invasive prenatal testing or NIPT is currently among the top researched topic in obstetric care. While the performance of the current state-of-the-art NIPT solutions achieve high sensitivity and specificity, they still struggle with a considerable number of samples that cannot be concluded with certainty. Such uninformative results...

Motivation Non-invasive prenatal testing or NIPT is currently among the top researched topic in obstetric care. While the performance of the current state-of-the-art NIPT solutions achieve high sensitivity and specificity, they still struggle with a considerable number of samples that cannot be concluded with certainty. Such uninformative results a...

Non-invasive prenatal testing or NIPT is currently among the top researched topic in obstetric care. While the performance of the current state-of-the-art NIPT solutions achieve high sensitivity and specificity, they still struggle with a considerable number of samples that cannot be concluded with certainty. Such uninformative results are often su...

Cancer caused over 8 million deaths worldwide in 2013 and has moved from the third leading cause of death in 1990 to the second leading cause, behind cardiovascular diseases in 2013. According to incidence, mortality and DALYs (Disability-adjusted life-years), cancer represents global burden worldwide [1]. Negative trends of cancer disease in Slova...

Based on observational evidence, approximately 30-40 % of cancers could be prevented through introduction of healthier food, nutrition and other lifestyle habits and patterns. Knowledge of diet and lifestyle factors that modify cancer risks and prevention is an important tool to achieve appropriate behavioural changes. In USA and in some other coun...

Public pharmacies play an important role in the process of ensuring public health. Activities carried out by pharmacists define and regulate the health legislation of the state. Pharmacists provide in public pharmacies in Slovakia pharmaceutical care that acquire, store, prepare, review and dispense medicines, medical devices, dietary food to the r...

We present a dynamic model for optimal investment decisions in defined contribution pension plans. The model determines an optimal fraction of pensioner's savings to be invested in an equity fund, with the rest invested in a bond fund. Since it is dificult to estimate the model parameters exactly, we present sensitivity analysis with respect to var...

We present a dynamic model for optimal investment decisions in privately managed defined contribution (DC) pension plans. Stock prices are assumed to be driven by the geometric Brownian motion. Interest rates are modelled by means of the Cox-Ingersoll-Ross model (CIR). The model determines an optimal fraction of pensioner's savings (in time) to be...