Zillmerisation relates to the valuation of a life insurance company by an actuary. When new regular premium protection business (such as life or critical illness insurance) is written, the value of the company may reduce (when viewed on a regulatory basis) even if the business is likely to be profitable. This effect is known as new business strain...
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http://en.wikipedia.org/wiki/Zillmerisation
A method of calculating reserves in life insurance that allows for the acquisition costs incurred when a contract is written. Zillmerised reserves are lower than reserves that are not zillmerised. The method applies to regular premium business. It is effectively a variation of the net premium method, which increases the future premiums valued to ta...
Found on
http://www.encyclo.co.uk/local/20197
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