Overview
- Concrete application of Markov chains in life insurance for pricing and reserving
- Abstract valuation
Part of the book series: EAA Series (EAAS)
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About this book
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.
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Keywords
Table of contents (12 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
Bibliographic Information
Book Title: Stochastic Models in Life Insurance
Authors: Michael Koller
Series Title: EAA Series
DOI: https://doi.org/10.1007/978-3-642-28439-7
Publisher: Springer Berlin, Heidelberg
eBook Packages: Mathematics and Statistics, Mathematics and Statistics (R0)
Copyright Information: Springer-Verlag Berlin Heidelberg 2012
Softcover ISBN: 978-3-642-28438-0Published: 23 March 2012
eBook ISBN: 978-3-642-28439-7Published: 22 March 2012
Series ISSN: 1869-6929
Series E-ISSN: 1869-6937
Edition Number: 1
Number of Pages: XI, 219
Topics: Probability Theory and Stochastic Processes, Game Theory, Economics, Social and Behav. Sciences, Statistics for Business, Management, Economics, Finance, Insurance