Loss Compensation Research Articles

The Subject of Proving and Evidence in Cases on Compensation of Losses Caused by the Failure to Submit Information or Submission of Undue Information

The Subject of Proving and Evidence in Cases on Compensation of Losses Caused by the Failure to Submit Information or Submission of Undue Information

Nonlinear Loss Engineering in Near‐Zero‐Index Bulk Materials

AbstractTransparent conducting oxides (TCOs) show unprecedented optical nonlinearities in the near infrared wavelength range, where the real part of their linear refractive index approaches zero. More specifically, the Kerr nonlinearities of these materials have sparked widespread attention due to their magnitude and speed. However, due to the absorptive nature of these nonlinear processes, it is of fundamental interest to further investigate the imaginary component of the nonlinear index. The present work studies the nonlinear optical absorption properties of aluminium‐doped zinc oxide (AZO) thin films in their near‐zero‐index (NZI) spectral window. It is found that the imaginary part of the refractive index is reduced under optical excitation such that the field penetration depth more than doubles. An optically induced shift of the NZI bandwidth of ≈120 nm for a pump intensity of 1.3 TW cm−2 is also demonstrated. Looking into the optically induced spectral redistribution of the probe signal, local net gain is recorded, which is ascribed to a nonlinear adiabatic energy transfer. The present study adds key information about the fundamental interplay between real and imaginary nonlinear indices in NZI media, while advancing parametric amplification as viable direction for loss compensation.

Robust packet loss compensation in the cloud‐based TT&C receiver using a predictive tracking loop with RBF network identification

AbstractIn recent years, ground‐based aerospace tracking, telemetry and control (TT&C) systems have been shifting towards an IP‐based cloud TT&C network architecture to improve signal transmission efficiency and system flexibility. However, this new architecture presents new challenges for the performance of tracking loops in the cloud‐based TT&C receiver. The authors present a predictive compensation tracking loop that addresses the problem of packet loss. The loop utilises radial basis function (RBF) online network identification for robust carrier and code frequency offset tracking. To account for packet loss, the phenomenon is modelled as a Bernoulli random process, and the predictive compensation loop uses the trained RBF network to maintain the system's tracking state. When normal data are received again, the loop can track the received information well and align the frequency offset locking state. The authors compare the performance of the proposed predictive compensation tracking loop with traditional loop tracking performance using data hold strategies under different packet loss rates. The results demonstrate the effectiveness of the proposed approach in maintaining stable tracking and solving in the discontinuous reception of the loop under packet loss environments. The proposed predictive compensation tracking loop offers a practical solution for addressing packet loss, which is a common issue in real‐world applications.

LEGAL LIABILITIES OF DOCTORS IN MEDICAL LAW PERSPECTIVE

Doctors are a noble profession that must be protected from wrongful criminalization because of their duty to save human lives. This does not mean that doctors have absolute legal immunity and cannot be prosecuted if it is proven that they violated the patient's rights. The goal of this article is to examine the doctor's legal liabilities through the perpespective of medical law. Through library research, the issues are analyzed using a normative and conceptual approach to primary and secondary legal materials. As a type of contract, the relationship between doctors and patients is governed by law. As a result, a doctor can face legal consequences under both criminal and civil law. In terms of criminal law, a doctor who fails to perform his duties and profession in accordance with procedures may be subject to a number of Criminal Code provisions, particularly if the patient dies as a result of his negligence. Furthermore, any unlawful act that harms a third party gives rise to a civil law obligation on the person who unintentionally caused the injury to make up for the harm. If an intentional or negligent act results in a damage to or disability of a limb, the victim is entitled to compensation for the costs of healing as well as compensation for losses brought on by the injury or disability

연안침식 관리책임에 관한 법적 고찰

Today, the coast is recognized as an essential space for national welfare. That's because the coast provides important ecological habitats and natural resources, and at the same time half of the population provides ports, harbors and bases for several industries. Recently, the coastal erosion is becoming national issue nationwide.
 Coastal erosion can be caused by both natural and artificial causes. The main natural causes of coastal erosion were the influence of waves, currents, wind etc., and in recent years, erosion has been intensified due to sea level rise and wave changes caused by climate change. On the other hand, artificial causes include coastal drift blocking, wave shielding area, revetment, windbreak forest, and sea sand collection etc.
 Coastal erosion management is based on Article 23, Paragraph 1, Article 34, Paragraph 6, Article 35, Paragraph 1, and Article 120, Paragraph 2 of the Constitution. The legal grounds for coastal erosion management include the Coastal Management Act, the National Land Planning and Utilization Act, the Countermeasures Against Natural Disasters Act, Public Waters Management And Reclamation Act, the Building Act, the Erosion Control Work Act, and the Island Development Promotion Act etc.
 Measures to fulfill administrative responsibility (legal relief) for coastal erosion under the current law are based on the Article 2(State’s negligence liability) of the State Compensation Act , Article 5(liability for structures) of State Compensation Act, compensation for losses, Article 758(Responsibility for installation or maintenance of structures) of Civil Act.
 In order to make administrative responsibility for coastal erosion more practical, it is necessary to legislate no-fault liability for those who cause coastal erosion, legalize responsibility for preventing coastal erosion in advance, and legislate compensation for losses caused by acts that cause coastal erosion in managed areas.
 First, it is necessary to legislate no-fault liability for those responsible for coastal erosion. In order to prevent environmental harm by realizing no-fault liability for coastal erosion damage and promptly healing coastal erosion, it is necessary to identify the person responsible for coastal erosion and secure the fulfillment of responsibility.
 Second, it is necessary to legislate the responsibility for preventing coastal erosion in advance. Risks from coastal erosion include both identified and potential risks. Even if the risk of coastal erosion is uncertain, it needs to be understood as a concept that includes the principle of forethought, which states that if the damage caused by the hazard is serious and irreversible, precautionary measures can be taken to prevent or reduce the hazard even before the hazard becomes certain.
 Third, it is necessary to legalize compensation for losses caused by acts that cause coastal erosion in managed areas. The loss compensation provisions of the current Coastal Management Act mean compensation for loss due to access to land, etc. This is not directly related to damage caused by coastal erosion. It is necessary to establish a legal basis for receiving compensation for losses caused by acts causing coastal erosion in the management area under Article 20-2, paragraphs 1 and 2.

PEMODELAN DATA FREKUENSI KLAIM ASURANSI KENDARAAN BERMOTOR UNTUK CAKUPAN THIRD PARTY LIABILITY MENGGUNAKAN DISTRIBUSI POISSON-ARADHANA

The presence of insurance can provide coverage for all risks that occur for owners or motorists. Insurance will provide various forms of coverage in accordance with their respective products, so that vehicle owners or drivers will get protection, benefits or compensation for losses from various risks that occur above by buying an insurance policy of course. In Indonesia, motor vehicle insurance is included in the group of liability insurance. One of these insurance coverages is third-party legal liability. This is a protection against liability or third party legal responsibility or Third Party Liability, because the benefits provide protection against claims and losses experienced by third parties, in this case victims involved in accidents. Insurance premiums that can be provided by insurance companies to policyholders can be calculated based on the distribution model of claim frequency and claim size. Claim frequency is the number of insurance claims that occur in one period. Claim frequency data is often overdispersed. Poisson mixture distribution is often used as an alternative method for modeling claim frequency data when overdispersion occurs. This thesis will discuss the Poisson-Aradhana distribution modeling of motor vehicle insurance claim frequency data in Indonesia in 2019. The maximum likelihood estimation method is used to estimate the parameters of the Poisson-Aradhana distribution. The fit test used in this study is the Chi-Square test. The research material used is secondary data on the frequency of motor vehicle insurance claims recorded by PT. X from 8 categories and 3 regions in 2019. The results of the application of the Poisson-Aradhana mixed distribution on the frequency data of motor vehicle insurance claims for TPL coverage with comprehensive coverage at PT. X in 2019, most of the claim frequency data comes from a population with a Poison-Aradhana mixed distribution except for claim frequency data in category 1 region 3 and category 4 region 2

Kerugian Keuangan Negara dalam Undang-Undang Pemberantasan Tindak Pidana Korupsi Perspektif Yuridis Normatif

Handling corruption cases will be less than optimal when state financial losses cannot be recovered. Recovery of state losses is of course necessary to implement development programs that have not been implemented. Handling existing corruption cases, including compensation for state losses, is one of the efforts of law enforcement officials to handle cases of criminal acts of corruption. The main problem of this study is how to apply the calculation of state financial losses before the Constitutional Court decision Number 25/PUU-XIV/2016 and how to apply the calculation of state financial losses afterward. Court No.25/PUU-XIV. 2016. This type of research is included in the legal research category. Although seen from its nature, this research is descriptive analysis. The application of the method for calculating state financial losses in Articles 2 (1) and 3 of Law Number 20 of 2001 amending Law Number 31 of 1999 concerning the Eradication of Corruption Crimes has undergone legal changes. The view regarding the application of state losses because there is no actual or potential state financial loss (potential loss) has changed the view regarding actual state losses (actual loss). After this decision removed phrases that could harm the state, making corruption a material crime, namely a factor that makes state losses absolutely impossible to prove.

Packet Loss Compensation for VoIP through Bone‐Conducted Speech Using Modified Linear Prediction

In this paper, we compare air‐conducted (AC) speech with bone‐conducted (BC) speech for the purpose of utilizing them in packet loss concealment (PLC) for speech quality of voice over internet protocol (VoIP). Instead of the autocorrelation method of linear prediction (LP), which was utilized in the conventional PLC techniques, we employ the modified covariance (MC) method. The MC method provides accurate LP estimation from short input data samples and avoids the numerical problem the autocorrelation method suffers from. The lost frame is compensated from both forward and backward directions in which linear gain and weighting are applied. When BC speech is used as the input speech data for PLC in the case where the speech sender is in noisy environments, BC speech behaves more accurately than the corresponding AC speech, resulting in an excellent performance of the LP‐based PLC technique. This unveils a useful use of BC speech in speech information systems. Experiments show that in severe noise environments of AC speech‐to‐noise ratio being less than 10 dB, BC speech is superior to AC speech for PLC. It is also shown that the transmitted BC speech is more accurately reconstructed for PLC than transmitted AC speech is done. © 2023 The Authors. IEEJ Transactions on Electrical and Electronic Engineering published by Institute of Electrical Engineer of Japan and Wiley Periodicals LLC.

Enhanced Cycling Performance by Transition Metal Substitution on Li2CuO2 Cathode Additive for Advanced Lithium-Ion Battery

Lithium-Ion batteries (LIBs) have made remarkable progress in the last decade and have been employed so far as the most popular power source for electric vehicles (EVs). However, the energy density issue still remains a drawback for LIBs on long-range driving of EVs for the reason of significant irreversible Li+ loss in the initial charging process of LIBs, induced by a spontaneous formation of solid electrolyte interphase (SEI) on the anode surface. Therefore, strategic studies are required to maximize the energy density of LIBs as compensation of the initial loss of Li+ during cell operation. The utilization of a Li-excess cathode additive in commercial cathodes is an ideal approach to minimize the loss of energy density of LIBs. Recently, Li2CuO2 has been proposed as a potential cathode additive with many advantages over other candidates, including the following: (i) high charge capacity (~ 490 mAh g-1), (ii) comparable operating voltage window (2.5 ~ 4.3 V vs. Li/Li+) to commercial cathode materials, and (iii) abundance of copper (Cu) on the earth. But, its practical use is still restricted by the structural instability and spontaneous oxygen (O2) evolution (> 3.8 V vs. Li/Li+), which results in loss of reversibility during subsequent cycling. It is thus crucial to reinforce the structure of Li2CuO2 to make it more reliable as a cathode additive for charge compensation. In a pursuit of improving the structural stability of Li2CuO2, herein, we demonstrate structural modification via co-substitution by heteroatoms, such as nickel (Ni) and manganese (Mn), for improving the structural stability and electrochemical performance of Li2CuO2. Such an approach effectively enhances the reversibility of Li2CuO2 by suppressing continuous structural degradation and O2 gas evolution during cycling. Our findings provide new conceptual pathways for developing advanced cathode additives for high-energy LIBs.

Problems of legal regulation of bankruptcy during armed conflict

The relevance of the study is due to the inconsistency of the national legislation of Ukraine on bankruptcy with the current conditions on the territory of the state, which are connected with the full-scale invasion of the Russian Federation. Martial law causes high risks of destruction of medium, small and large business enterprises, in particular in uncontrolled and temporarily occupied territories. Thus, the purpose of the study is to justify the need to improve the national legislation on bankruptcy, increase the efficiency of the mechanisms for the realization of rights, the fulfilment of obligations and the protection of the interests of economic entities in the conditions of military confrontation. The main methods used to write the work: historical, comparative, statistical, method of analysis, synthesis. The results of this work turned out to be the following: the legislation regulating legal relations regarding bankruptcy was investigated, it was found out which subjects of economic activity are at risk of bankruptcy, and the impact of the war on the state of legal regulation of the economic sphere was investigated. A conclusion was made regarding the main shortcomings of the national bankruptcy legislation. The question of the possibility of preserving the debtor’s further reputation and the proportional satisfaction of creditors’ rights by following the bankruptcy procedure, which was developed in accordance with modern conditions, was also investigated. The possibility of compensation for losses from the side of the aggressor country for those enterprises that suffered losses and destruction as a result of Russian military aggression is also indicated. The expediency of introducing a moratorium on bankruptcy and the main disadvantages of this type of restriction are discussed. Further directions for improving and increasing the level of effectiveness of the legally provided mechanisms for the implementation of the bankruptcy procedure in the conditions of war on the territory of Ukraine are proposed. The results of research work can be used as a theoretical basis for further legislative developments in the field of bankruptcy.

Spatio‐temporal trend and mitigation of human–elephant conflict in Xishuangbanna, China

AbstractWith strict enforcement of the legal protection for Asian elephants (Elephas maximus) in China, the elephant population has steadily increased from 146 elephants in 1976 to over 300 elephants in 2023. More elephants occur in highly fragmented and human‐dominated landscapes, resulting in serious human–elephant conflicts (HEC). We investigated the temporal and spatial aspects of HEC in Xishuangbanna Prefecture, China, from 2011‒2015 and 2016‒2020. We analyzed the characteristics of crop raiding, property damage, and human injury and death by elephants. Then, we employed a multi‐model ensemble forecasting framework to perform a risk assessment, and compared the changes in HEC hotspots to explore the factors influencing conflict. Our data revealed that 91,311 HEC compensations were recorded from 2011‒2020 with a total compensation amount of 127.01 million yuan (17.40 million USD), 89.75% of which was crop compensation. Areas of risk in 2011‒2015 and 2016‒2020 were 2,505 km2 and 3,157 km2, respectively, with an increase in area of 26.01%. The HEC risk areas were mainly distributed in nature reserves and surrounding areas, and >65% of the risk areas were located in land‐use types dominated by artificial planting. Distance to farmland, distance to sparse wood, and slope had the greatest relative importance in the risk model evaluation. The mitigation measures that we recommend include strengthening the monitoring system for Asian elephants in areas with current and potential HEC risks; improving compensation mechanisms, such as determining accurate annual premiums, establishing a shared loss compensation mechanism, and ensuring a fair, transparent, and timely compensation process; and proposing habitat conservation measures, such as restoring suitable habitats for Asian elephants, establishing ecological corridors between nature reserves, and creating a nature reserve system based on the Asian Elephant National Park to enhance the habitat of Asian elephants.

Analysis of Farmers' Response to The Rice Farm Insurance Program (AUTP)

Rice farming experiences uncertainty and is a business that is very vulnerable to climate change such as natural disasters, floods and droughts, and is inseparable from attacks by plant-disturbing organisms (OPT), which result in decreased production and income of rice farmers. Agricultural Insurance is a transfer of risk that can provide compensation for losses due to farming so that the sustainability of farming can be guaranteed. This study aims to: 1) Know the response of farmers to the rice farming insurance program plan. 2) Knowing the response of farmers to the implementation of the rice farming insurance program and 3) Knowing the response of farmers to the impact of the farming insurance program. This study uses descriptive quantitative research methods with survey research techniques. Respondents consisted of the number of farmers who took part in the rice farming insurance program at least 2 times using the census technique with a total sample of 29 people. Data analysis technique using descriptive quantitative analysis. The results showed that: 1) The response of farmers to the planned rice farming insurance program in Gapoktan, Patalagan Village, Pancalang District, Kuningan Regency was very good. 2) The response of farmers to the implementation of the rice farming insurance program in Patalagan Village is good. 3) The response of farmers to the impact of the rice farming insurance program in Patalagan Village, Pancalang District, Kuningan Regency is Good.

Book Review: Global Climate Justice Theory and Practice

The book "Global Climate Justice: Theory and Practice" provides a comprehensive view of climate justice from diverse theoretical approaches by exploring diverse perspectives on the distribution of CO2 and climate responsibility. The text examines controversial viewpoints, such as the right of oil companies to receive compensation for profit losses, as well as historical approaches that consider the persistent effects of colonization on states' capacity to address climate change and the consequent responsibility of colonizing states. The review emphasizes the historical context driving the need to implement environmental justice. Additionally, it highlights the diversity of theoretical perspectives presented in the book and their relevance in formulating international policies.

Compensation for Actual Loss of Time: Some Issues of Law Enforcement Practice

Abuse of procedural rights is a widespread phenomenon that has a negative impact on the judicial system as a whole. It causes unfounded appeals to the court contrary to their purpose and creates obstacles in the exercise of the right to judicial protection, works against the correct and timely consideration and resolution of cases, creates a disdainful attitude towards law and court. According to the legislator, the main mechanism for countering procedural abuses in civil proceedings is the potential institution of compensation for actual loss of time, which has a long history of development. However, its fragmented and laconic legal regulation, different interpretations and lack of unity of judicial practice have turned compensation for actual loss of time into a rarely used and ineffective — almost never with a positive result — way of imposing negative consequences on persons involved in the case and who commit procedural abuses. The paper analyzes the features of the legal regulation of compensation for actual loss of time and the corresponding judicial practice and examines the above problems, the reasons why they occur and suggests ways to resolve them.

Opening Pandora’s Box: Strict Liability Under Unqualified Extended War Clauses in International Investment Law

There has been a growing interest in the extent to which international investment law imposes an obligation on the state to compensate for losses arising from an armed conflict. This contribution explores the prevalence of war clauses that hold the state liable to pay compensation for war losses without the investor needing to prove fault. The contribution considers a recent case against Syria in which an investor was permitted to rely on such a war clause in another treaty through the most favoured nation (MFN) clause. The contribution finds that MFN clauses substantially increase the number of investors who can rely on unqualified extended war clauses. It considers unqualified extended war clauses and the extent to which other investors can rely on them through an MFN clause in Cameroon, Syria and Yemen. It then considers the role that the BRICS countries can play in bringing about the necessary reforms to unqualified extended war clauses. It argues that these reforms are urgently needed as these states emerging from armed conflict can scarcely afford to meet their people’s most essential developmental needs, let alone virtually unlimited liability to foreign investors.

Not by bread alone: Public–private intersectoral gap in job satisfaction

The choice of a workplace, in the public or private sector, is not accidental. The paper presents a study on the public—private intersectoral gap in job satisfaction (JS). Given the observed wage premium in the private sector, it can be assumed that there are non-monetary forms of compensation for the wage loss in the public sector. They are expected to manifest themselves in job safety during periods of recession, which might affect the intersectoral gap in job satisfaction. Evaluation on panel data with fixed individual effects allows solving the problem of self-selection into a certain sector. A study based on RLMS-HSE data shows that in the period 2002—2021 the intersectoral gap in job satisfaction, as well as its elements — satisfaction with the labour contract, salary and promotion, — was generally insignificant. This does not rule out self-selection into a particular sector but explains the low level of transitions between the sectors. A significant intersectoral gap in job satisfaction is revealed for less competitive groups in the labor market during crises. This is the evidence of negative self-selection. During the COVID-19 pandemic, women, young workers (17—34 years old), and at other times, workers over 55 years old employed in the public sector rated JS significantly higher. Negative self-selection into the public sector is more likely to be attributed to specific socio-demographic groups than to the entire sector. Wage, as well as its degree in comparison to the average one in the profession in the local labor market, affects the JS of public employees to a lesser extent. This suggests that public workers are less sensitive to monetary rewards and value job safety, self-realization opportunities and a sense of usefulness of work for society more.

Six Years of Complaints Issued by Patients at a Laser Treatment Center in a Plastic Surgery Hospital.

Patient complaints can provide valuable feedback regarding the objective deficiencies of medical services. There are few studies on the complaints of patients receiving photoelectric therapy, so this study aims to understand the expectations and requirements of patients by analyzing the complaints of patients receiving photoelectric therapy. The complaints of patients who underwent photoelectric therapy were retrospectively examined. Authors plan to analyze treatment items, complaint contents, appeals, time trend regarding the number of complaints, and economic compensation. Fifty-four patients were involved in the study in total, and all of them were included. According to the standardized coding classification of complaints by Reader et al., the number of clinical, management and relationship complaints were 36 (59.02%), 14 (22.95%), and 11 (18.03%), respectively. These were divided among the categories of quality (31.15%), safety (27.87%), institutional issues (22.95%), communication (8.20%), and humaneness/caring (9.84%); with the most common subcategories involving treatment (31.15%) and safety incidents (24.59%). The patients' demands involved 20 cases (32.26%) requesting a refund of their medical expenses, 16 (25.81%) issuing a warning, 15 (24.19%) requesting compensation for loss, 10 (16.13%) requiring free repair or consultation, and 1 (1.61%) demanding an apology. Eventually, financial compensation was provided to the patients in eight of the cases. At a significance level of P = 0.05, even if the number of annual complaints increased over time, the increasing trend was not significant. Patient complaints in photoelectric therapy were most commonly clinical in nature. Specifically, quality and safety concerns are the main complaints.

Analysis Of Fiscal Loss Compensation in Strengthening Factors Affecting Tax Avoidance

DIn tax avoidance, company management often uses ways to reduce the tax burden. This study examines and analyzes the factors influencing tax avoidance (TA). These factors are leverage (DAR) and profitability (ROA). Another objective is to test whether fiscal compensation Loss (FLC) can strengthen the effect of DAR and ROA on ROA. The population is a consumer goods manufacturing company registered on the IDX for 2017-2021. Sample selection Data collection using purposive sampling Based on the existing criteria, 29 companies were selected as a sample with a five-year observation period, so the number of observations was 145. The test carried out was panel data regression analysis. Results This study shows that DAR does not affect TA, ROA affects TA, and DAR and ROA affect TA. FLC is proven to strengthen the impact of DAR on TA. The novelty of this study is to use Fiscal Loss Compensation as a moderating variable, not as an independent variable as in previous studies. The results of this study indicate that investors can use tax avoidance as an essential aspect in making investment decisions in companies because this aspect can measure a company's ability to generate returns on investments made by the company.

Reparations as a tool for holding the Russia responsible for war crimes committed on the territory of Ukraine

Introduction. The actions of the Russian Federation on the territory of Ukraine grossly violate the principles and norms of international law. Taking into account the fact that during the year it was not possible to settle the military conflict diplomatically, that is, based on the observance of the principles and norms of international law and the UN Charter, there is a need to assess the possibilities of Ukraine receiving reparations and to study this instrument of international justice from the point of view of holding the Russian Federation accountable for the military crimes committed on the territory of Ukraine. The purpose of the paper is to study the essence and features of reparations to Ukraine, as a tool to hold the Russian Federation accountable for the purpose of compensation for losses and damages for war crimes committed on the territory of Ukraine. Results. It was established that the compensation determined according to the principle of restitution cannot be limited only to the legally defined maximum amount of compensation or to any calculation that does not follow from a strict assessment of damages as a result of the military aggression of the Russian Federation. In the case of loss of life or infliction of bodily harm, torture, sexual violence, the operation of such a principle is problematic due to the fact that these crimes do not have a specific monetary definition. The direct losses of Ukraine, as well as the amount of additional costs for economic recovery and reconstruction, are analyzed, taking into account the perspective of Ukraine's integration into the European Union. The need to develop and implement a legitimate international mechanism that would provide compensation for the damages caused by Russia and be effective despite its categorical refusal to cooperate was argued. Conclusions. It is suggested that new agreements on reparations be regulated by international agreements. For Ukraine, this model of legal behavior is appropriate, because, thanks to the imposed sanctions, a significant number of assets of the Russian Federation are frozen, being under the control of foreign governments and, in the future, can be used to restore Ukraine as compensation for losses caused by military actions.The results of the study can be used in the process of forming a legal mechanism for compensation for losses, provided that war crimes on the territory of Ukraine are recognized as genocide of the Ukrainian people.

On stochastic modelling of actuarial compensation for loss of future earnings in Turkey

Abstract This article presents an actuarial perspective to estimate the economic loss for compensations resulting from a wrongful act. The main aim of this study is to propose a stochastic approach for modelling discount rates and survival probabilities which are used to calculate the present value of the future loss of earnings. We adopted the Wilkie model as an economic scenario generator to forecast future stochastic discount rates and fitted the Lee–Carter and the Heligman–Pollard models to forecast future age-specific survival probabilities using Turkish data. We discussed the impact of stochastic modelling on annuity values and compensation amounts through sensitivity analyses. We also compared the compensation amounts for various cases with the benchmark case representing current practice in Turkey. The results show that the compensation amounts are substantially affected by the financial assumptions, particularly in the case of an unstable economy. The major finding is that the uncertainty in future mortality rates is largely outweighed by the uncertainty associated with future financial and economic variables in the Turkish case.