Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Standard view
Full view
of .
Look up keyword or section
Like this

Table Of Contents

1.1 Banking versus insurance
1.2 Mortality
1.3 Banking
1.4 Insurance
1.5 With-profit contracts: Surplus and bonus
1.6 Unit-linked insurance
1.7 Issues for further study
2.1 Basic definitions and relationships
2.2 Application to loans
3.1 Aggregate mortality
3.2 Some standard mortality laws
3.3 Actuarial notation
3.4 Select mortality
4.2 The principle of equivalence
4.3 Prospective reserves
4.4 Thiele’s differential equation
4.5 Probability distributions
4.6 The stochastic process point of view
5.1 A single life insurance policy
5.2 The general multi-state policy
Multi-life insurances
6.1 Insurances depending on the number of sur-
7.1 The insurance policy as a stochastic process
7.2 The time-continuous Markov chain
7.3 Applications
7.4 Selection phenomena
7.5 The standard multi-state contract
7.6 Select mortality revisited
7.7 Higher order moments of present values
7.8.2 Differential equations for moments of present values
7.8.3 Complement on Markov chains
7.9 Dependent lives
7.9.1 Introduction
7.9.2 Notions of positive dependence
7.9.3 Dependencies between present values
7.9.4 A Markov chain model for two lives
7.10 Conditional Markov chains
7.10.1 Retrospective fertility analysis
8.1 Introduction
8.3 The general Markov multistate policy
8.4 Differential equations for statewise distribu-
8.5 Applications
9.1 Introduction
9.4 The Markov chain model
9.5 Reserves in the Markov chain model
9.6 Some examples
Safety loadings and bonus
10.1 General considerations
10.2 First and second order bases
10.3 The technical surplus and how it emerges
10.4 Dividends and bonus
10.5 Bonus prognoses
10.6 Examples
10.7 Including expenses
10.8 Discussions
11.2 Parametric inference in the Markov model
11.3 Confidence regions
11.4 More on simultaneous confidence intervals
11.5 Piecewise constant intensities
11.6 Impact of the censoring scheme
Heterogeneity models
12.1 The notion of heterogeneity – a two-stage
12.2 The proportional hazard model
Group life insurance
13.1 Basic characteristics of group insurance
13.3 Experience rated net premiums
13.4 The fluctuation reserve
13.5 Estimation of parameters
Hattendorff and Thiele
14.1 Introduction
14.2 The general Hattendorff theorem
14.3 Application to life insurance
14.4 Excerpts from martingale theory
15.1 Finance in insurance
15.2 Prerequisites
15.3 A Markov chain financial market - Intro-
15.4 The Markov chain market
15.5 Arbitrage-pricing of derivatives in a com-
15.6 Numerical procedures
15.7 Risk minimization in incomplete markets
15.8 Trading with bonds: How much can be
15.9 The Vandermonde matrix in finance
15.10 Two properties of the Vandermonde ma-
15.11 Applications to finance
15.12 Martingale methods
0 of .
Results for:
No results containing your search query
P. 1
Life Book

Life Book

Ratings: (0)|Views: 2|Likes:
Published by acorna

More info:

Published by: acorna on Aug 13, 2012
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less





You're Reading a Free Preview
Pages 8 to 38 are not shown in this preview.
You're Reading a Free Preview
Pages 46 to 91 are not shown in this preview.
You're Reading a Free Preview
Pages 99 to 166 are not shown in this preview.
You're Reading a Free Preview
Pages 174 to 302 are not shown in this preview.
You're Reading a Free Preview
Pages 310 to 374 are not shown in this preview.

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->