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Life insurance: modeling the lifetime

  • Annamaria OlivieriEmail author
  • Ermanno Pitacco
Chapter
  • 2.1k Downloads

Abstract

When writing insurance contracts, the insurer takes risks originating from various causes. In life insurance, causes of risk relate to financial aspects (e.g. investment yield, inflation, etc.), demographical aspects (e.g. lifetimes of policyholders, lapses and surrenders, etc.), expenses. In this Section we are dealing with demographical aspects only, focussing on policyholders’ lifetimes, which in turn determine the frequency of death in a portfolio.

Keywords

Life Table Survival Function Life Insurance Portfolio Size Longevity Risk 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.Dipartimento di EconomiaUniversità di ParmaParmaItaly
  2. 2.Dipartimento di Scienze Economiche, Aziendali, Matematiche e StatisticheUniversità di TriesteTriesteItaly

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