NONLIFE INSURANCE PRICING: STATISTICAL MECHANICS VIEWPOINT
نویسندگان
چکیده
منابع مشابه
Statistical Aspects of Joint Life Insurance Pricing
Joint life insurance policies can be issued to married couples so that the insurance payoff is due at the time of the first death of a spouse (joint-life policy) or the second death of a spouse (last survivor policy). In recent years, a certain attention in the actuarial industry has been attracted to the latter. These policies are generally used by older couples for estate tax purposes and car...
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Abstract Employees always concern about losing their job, or in other word, losing their income resources. For this purpose, governments require strong protection system for covering these concerns. The Unemployment Insurance (UI) program’s can be used for achieving this goal. Based on article five of Iranian unemployment Insurance law, premium is four percent of employee’s salary while emplo...
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employees always concern about losing their job , or in other word , losing their income resources. for this purpose, every government requires strong system for covering these concerns. the unemployment insurance (ui) program’s can be used for achieving this goal. in this thesis, we price ui based on the insurance history of employee and the duration of being unemployed. we use the weibull dis...
Liability Insurance Pricing
The goal of this article is to test whether the threat of regulating (or of more stringent regulation of) automobile liability insurance as portrayed in the popular and industry press induces insurers to change the way they price their policies. More to the point, using quarterly state data from 1984 to 1993, the author attempts to determine whether insurance companies reduced premium increases...
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We investigate the valuation of catastrophe insurance derivatives that are traded at the Chicago Board of Trade. By modeling the underlying index as a compound Poisson process we give a representation of no-arbitrage price processes using Fourier analysis. This characterization enables us to derive the inverse Fourier transform of prices in closed form for every fixed equivalent martingale meas...
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ژورنال
عنوان ژورنال: International Journal of Modern Physics C
سال: 2005
ISSN: 0129-1831,1793-6586
DOI: 10.1142/s0129183105007005