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1- Instituto Tecnológico Metropolitano , luis.lfranco@gmail.com
2- Instituto Tecnológico Metropolitano.
3- Universidad La Salle México
Abstract:   (95 Views)
Previous work has highlighted the need to apply stochastic modeling to understand the dynamics of phenomena occurring in the insurance industry. In this paper, for life insurance and applying a stochastic approach under efficient markets, we use survival probabilities and stochastic differential equations to model the actuarial reserve, changes in the constituted actuarial reserve, and estimated income over time. We present an application, sensitivity analysis, and discussion of the results using United States life tables.
 
Full-Text [DOCX 463 kb]   (18 Downloads)    
Type of Study: Research | Subject: Simulation & Stochastic Models
Received: 2022/09/9 | Accepted: 2022/10/19

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Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.