Multiple Decrement Models in Insurance

An Introduction Using R

  • Shailaja Deshmukh

Table of contents

  1. Front Matter
    Pages I-XVI
  2. Shailaja Deshmukh
    Pages 1-52
  3. Shailaja Deshmukh
    Pages 81-130
  4. Shailaja Deshmukh
    Pages 131-172
  5. Shailaja Deshmukh
    Pages 173-203
  6. Shailaja Deshmukh
    Pages 205-215
  7. Back Matter
    Pages 217-220

About this book


​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.


Insurance Multiple Decrement Models Multiple State Models Pension Funding Premiums and Reserves Random Interest Rate

Authors and affiliations

  • Shailaja Deshmukh
    • 1
  1. 1.Department of StatisticsUniversity of PunePuneIndia

Bibliographic information