Stochastic Models in Life Insurance

Stochastic Models in Life Insurance

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The book provides a sound mathematical base for life insurance mathematics and applies the underlying concepts to concrete examples. Moreover the models presented make it possible to model life insurance policies by means of Markov chains. Two chapters covering ALM and abstract valuation concepts on the background of Solvency II complete this volume. Numerous examples and a parallel treatment of discrete and continuous approaches help the reader to implement the theory directly in practice.This is the actual technical analysis which has to be done at the end of each fiscal year. ... In order to begin the technical analysis one has to define the normal subsequent state for each state j aˆˆ S. The definition of the subsequent stateanbsp;...

Title:Stochastic Models in Life Insurance
Author:Michael Koller
Publisher:Springer Science & Business Media - 2012-03-22


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