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Books > Business & Economics > Finance & accounting > Finance > Insurance
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Multiple Decrement Models in Insurance - An Introduction Using R (Paperback, 2012 ed.)
Loot Price: R1,469
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Multiple Decrement Models in Insurance - An Introduction Using R (Paperback, 2012 ed.)
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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.
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