Abstract
Hattendorff’s Theorem (1868) states that the losses which incur for an insurance policy in different years are uncorrelated and have mean zero. When this theorem was first discovered it caused many discussions. Nowadays it is part of every introduction to stochastic modelling in insurance. In the following we present the theorem in its general form and its version for the Markov model.
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© 2012 Springer-Verlag Berlin Heidelberg
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Koller, M. (2012). Hattendorff’s Theorem. In: Stochastic Models in Life Insurance. EAA Series. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28439-7_7
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DOI: https://doi.org/10.1007/978-3-642-28439-7_7
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-28438-0
Online ISBN: 978-3-642-28439-7
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