Stochastic Models in Life Insurance

Nonfiction, Science & Nature, Mathematics, Game Theory, Statistics
Cover of the book Stochastic Models in Life Insurance by Michael Koller, Springer Berlin Heidelberg
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Author: Michael Koller ISBN: 9783642284397
Publisher: Springer Berlin Heidelberg Publication: March 22, 2012
Imprint: Springer Language: English
Author: Michael Koller
ISBN: 9783642284397
Publisher: Springer Berlin Heidelberg
Publication: March 22, 2012
Imprint: Springer
Language: English

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.

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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.

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