Stochastic Models in Life Insurance
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.
Keywords
MathematicsProbability & StatisticsGame TheoryBusiness & EconomicsStatisticsStochastic Processes
2012Book
Author(s)Michael Koller
PublisherSpringer Science & Business Media
ISBN9783642284380
LanguageEnglish
