ENGLISH

Life Insurance Mathematics

By Hans U. Gerber , W. Neuhaus

Book information

Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Year
1990
ISBN
3540529446, 9783540529446
Language
english
Format
PDF
Filesize
5 MB (4900288 bytes)
Pages
144\137
Time added
2013-11-23 12:35:05

Description

This concise introduction to life contingencies, the theory behind the actuarial work around life insurance and pension funds, is written for the reader who likes applied mathematics. In addition to the model of life contingencies, the theory of compound interest is explained and it is shown how mortality and other rates can be estimated from observations. The probabilistic model is used consistently (and the traditional deterministic model avoided). Emphasis is put on the general ideas, which are illustrated by means of examples and interpretations. Recursive formulae and reasoning are discussed in detail.

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