EAA Series
- Concrete application of Markov chains in life insurance for pricing and reserving
- Solvency II
- Abstract valuation
- Fair values
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- About this Textbook
-
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.
- Table of contents (12 chapters)
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A General Life Insurance Model
Pages 1-6
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Stochastic Processes
Pages 7-20
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Interest Rate
Pages 21-28
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Cash Flows and the Mathematical Reserve
Pages 29-52
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Difference Equations and Differential Equations
Pages 53-71
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Table of contents (12 chapters)
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Bibliographic Information
- Bibliographic Information
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- Book Title
- Stochastic Models in Life Insurance
- Authors
-
- Michael Koller
- Series Title
- EAA Series
- Copyright
- 2012
- Publisher
- Springer-Verlag Berlin Heidelberg
- Copyright Holder
- Springer-Verlag Berlin Heidelberg
- eBook ISBN
- 978-3-642-28439-7
- DOI
- 10.1007/978-3-642-28439-7
- Softcover ISBN
- 978-3-642-28438-0
- Series ISSN
- 1869-6929
- Edition Number
- 1
- Number of Pages
- XI, 219
- Topics
