Multiple Decrement Models in Insurance An Introduction Using R /

• Main Author: Deshmukh, Shailaja (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: India : Springer India : Imprint: Springer, 2012.
• Subjects: Statistics.; Insurance.; Statistics for Business/Economics/Mathematical Finance/Insurance.; Statistical Theory and Methods.

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 te...

Table of Contents:

• Multiple Decrement Models
• Introduction
• Time to Decrement and Cause of Decrement Random Variables
• Multiple Decrement Table
• Associated Single Decrement Model
• Exercises
• Premiums and Reserves for Multiple Decrement Model
• Introduction
• Actuarial Present Value of Benefit
• Computation of Premiums
• Computation of Reserves
• Exercises
• Defined Benefit Pension Plan
• Introduction
• Actuarial Present Value of Pension Benefit
• Exercises
• Pension Funding
• Introduction
• Accrued Benefit Cost Method for an Individual
• Accrued Benefit Cost Method for a Group
• Aggregate Actuarial Cost Method
• Exercises
• Multi-State Transition Models For Cash Flows
• Introduction
• Markov Chain
• Actuarial Present Values of Cash Flows
• Markov Process Model
• Exercises.                       .