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Item Details
| Title:
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LIFE INSURANCE THEORY
ACTUARIAL PERSPECTIVES |
| By: |
F. Etienne De Vylder |
| Format: |
Hardback |
| List price:
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£119.99 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0792399951 |
| ISBN 13: |
9780792399957 |
| Publisher: |
SPRINGER |
| Edition: |
1997 ed. |
| Pages: |
184 |
| Description: |
Written for students, teachers, researchers and life insurance practitioners, this book emphasises on variance evaluations of mathematical reserves. It includes an axiomatic theory of compound interests, the development of statistical methods for mortality and other estimations, and the introduction of graphs. |
| Synopsis: |
This book is different from all other books on Life Insurance by at least one of the following characteristics 1-4. 1. The treatment of life insurances at three different levels: time-capital, present value and price level. We call time-capital any distribution of a capital over time: (*) is the time-capital with amounts Cl, ~, ... , C at moments Tl, T , ..* , T resp. N 2 N For instance, let (x) be a life at instant 0 with future lifetime X. Then the whole oO oO life insurance A is the time-capital (I,X). The whole life annuity a is the x x time-capital (1,0) + (1,1) + (1,2) + ... + (I,'X), where 'X is the integer part ofX. The present value at 0 of time-capital (*) is the random variable T1 T TN Cl V + ~ v , + ... + CNV . (**) In particular, the present value ofA 00 and a 00 is x x 0 0 2 A = ~ and a = 1 + v + v + ... + v'X resp. x x The price (or premium) of a time-capital is the expectation of its present value. In particular, the price ofA 00 and ax 00 is x 2 A = E(~) and a = E(I + v + v + ... + v'X) resp. |
| Illustrations: |
XVI, 184 p. |
| Publication: |
Netherlands |
| Imprint: |
Springer |
| Returns: |
Returnable |
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