Description: Stochastic Models in Life Insurance by Michael Koller 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. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description 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. Notes Concrete application of Markov chains in life insurance for pricing and reservingSolvency IIAbstract valuationFair values Back Cover 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. Table of Contents 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. Hattendorffs 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. Feature Concrete application of Markov chains in life insurance for pricing and reserving Solvency II Abstract valuation Fair values Details ISBN3642284388 Author Michael Koller Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Series EAA Series Year 2012 ISBN-10 3642284388 ISBN-13 9783642284380 Format Paperback Imprint Springer-Verlag Berlin and Heidelberg GmbH & Co. K Place of Publication Berlin Country of Publication Germany Translated from German DEWEY 519.22 Short Title STOCHASTIC MODELS IN LIFE INSU Language English Media Book Residence US Birth 1961 Pages 219 Edition 2012th DOI 10.1007/978-3-642-28439-7 Publication Date 2012-03-23 Illustrations XI, 219 p. Edition Description 2012 ed. Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:96372196;
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ISBN-13: 9783642284380
Book Title: Stochastic Models in Life Insurance
Number of Pages: 219 Pages
Language: English
Publication Name: Stochastic Models in Life Insurance
Publisher: Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
Publication Year: 2012
Subject: Mathematics
Item Height: 235 mm
Item Weight: 361 g
Type: Textbook
Author: Michael Koller
Item Width: 155 mm
Format: Paperback
