<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The aim of this paper is to elucidate decrement models and their use in actuarial calculations in life insurance. The first part deals with the most often used decrement model, the mortality table. The second part gives an example based on a simple model to illustrate the creation of a multi-valued decrement table using the data from the single-value tables for a group of decrements and their use in insurance mathematical calculations.</p></abstract>

The aim of this paper is to elucidate decrement models and their use in actuarial calculations in life insurance. The first part deals with the most often used decrement model, the mortality table. The second part gives an example based on a simple model to illustrate the creation of a multi-valued decrement table using the data from the single-value tables for a group of decrements and their use in insurance mathematical calculations.

Actuarial Modeling of Life Insurance Using Decrement Models

Department of Applied Informatics and Mathematics Faculty of Natural Science University of SS. Cyril and Methodius, Nám. J. Herdu 2, 917 01 Trnava, Slovakia tel. 033/55 65 372

Department of Mathematics and Actuarial Science, Faculty of Economic Informatics, University of Economics in Bratislava, Dolnozemská cesta 1/b, 852 35 Bratislava, Slovakia tel. 02/672 95 842

Journal of Applied Mathematics, Statistics and Informatics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Actuarial Modeling of Life Insurance Using Decrement Models"}

The aim of this paper is to elucidate decrement models and their use in actuarial calculations in life insurance. The first part deals with the most often used...

Actuarial Modeling of Life Insurance Using Decrement Models

Pubblicato online: 15 lug 2014

Pagine: 81 - 91

DOI: https://doi.org/10.2478/jamsi-2014-0008

Parole chiave
life insurance, decrement models, mortality tables, actuarial calculations, multiple-state and multiple-decrement models, construction of decrement tables

© 2014 Faculty of Natural Sciences, University of Saint Cyril and Metodius

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Actuarial Modeling of Life Insurance Using Decrement Models

Pubblicato online: 15 lug 2014

Pagine: 81 - 91

DOI: https://doi.org/10.2478/jamsi-2014-0008

Parole chiavelife insurance, decrement models, mortality tables, actuarial calculations, multiple-state and multiple-decrement models, construction of decrement tables

© 2014 Faculty of Natural Sciences, University of Saint Cyril and Metodius

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Parole chiave
life insurance, decrement models, mortality tables, actuarial calculations, multiple-state and multiple-decrement models, construction of decrement tables