Multiple Decrement Models in Insurance

An Introduction Using R

Authors: Deshmukh, Shailaja Rajendra

  • ​Numerous illustrative examples
  • Use of public domain software R
  • Step by step explanation of concepts and derivations
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  • ISBN 978-81-322-0658-3
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Softcover $69.95
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  • ISBN 978-81-322-1712-1
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About this Textbook

​The book will serve as a guide to many actuarial concepts and statistical techniques in multiple decrement models and their application in calculation of premiums and reserves in life insurance products with riders and in pension and employee benefit plans as in these schemes, the benefit paid on termination of employment depends upon the several causes of termination. Multiple state models are discussed to accommodate the insurance products in which the payment of benefits or premiums is dependent on being in a given state or moving between a given pair of states at a given time, for example, disability income insurance model. The book also discusses stochastic models for interest rates and calculation of premiums for some products in this set up. The highlight of the book is usage of R software, freely available from public domain, for computations of various monetary functions involved in insurance business. R commands are given for all the computations.

About the authors

Shailaja Deshmukh is a Professor of Statistics at the University of Pune, India. Her areas of interest are inference in stochastic processes, applied probability and analysis of microarray data. She has authored three books - Microarray Data: Statistical Analysis Using R, (jointly with Dr. Sudha Purohit), Statistics Using R (jointly with Dr. Sudha Purohit and Prof. Sharad Gore) and Actuarial Statistics: An Introduction Using R. She has a number of research publications in various peer-reviewed journals.

Table of contents (6 chapters)

  • Multiple Decrement Models

    Deshmukh, Shailaja

    Pages 1-52

  • Premiums and Reserves in Multiple Decrement Model

    Deshmukh, Shailaja

    Pages 53-80

  • Defined Benefit Pension Plan

    Deshmukh, Shailaja

    Pages 81-130

  • Pension Funding

    Deshmukh, Shailaja

    Pages 131-172

  • Multi-state Transition Models for Cash Flows

    Deshmukh, Shailaja

    Pages 173-203

Buy this book

eBook $54.99
price for USA (gross)
  • ISBN 978-81-322-0659-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.95
price for USA
  • ISBN 978-81-322-0658-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $69.95
price for USA
  • ISBN 978-81-322-1712-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Rent the ebook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
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Bibliographic Information

Bibliographic Information
Book Title
Multiple Decrement Models in Insurance
Book Subtitle
An Introduction Using R
Authors
Copyright
2012
Publisher
Springer India
Copyright Holder
Springer India
eBook ISBN
978-81-322-0659-0
DOI
10.1007/978-81-322-0659-0
Hardcover ISBN
978-81-322-0658-3
Softcover ISBN
978-81-322-1712-1
Edition Number
1
Number of Pages
XVI, 220
Topics