Stochastic Models in Life Insurance

By Michael Koller

1. A general life insurance model.- 2. Stochastic processes.- 3. Interest rate.- 4. Cash flows and the mathematical reserve.- 5. Difference equations and differential equations.- 6. Examples and problems from applications.- 7. Hattendorff's Theorem.- 8. Unit-linked policies.- 9. Policies with stochastic interest rate.- 10. Technical analysis.- 11. Abstract valuation.- 12. Policyholder bonus mechanism.- A. Notes on stochastic integration.- B. Examples.- C. Mortality rates in Germany.- D. Mortality rates in Switzerland.- E. Java code for the calculation of the Markov model.- References.- Notation.- Index.

• Format: Paperback
• Language: English
• ISBN: 3642284388
• ISBN13: 9783642284380
• Release Date: March 2012
• Publisher: Springer
• Length: 219 Pages
• Weight: 0.75 lbs.
• Dimensions: 0.6" x 6.1" x 9.0"