DocumentCode
511715
Title
Increasing Endowment Assurance Policy Actuarial Model under Random Rates of Interest
Author
Liyan, Wang ; Xiaodong, Zhang
Author_Institution
Sch. of Manage., Dalian Univ. of Technol., Dalian, China
Volume
1
fYear
2009
fDate
28-30 Oct. 2009
Firstpage
177
Lastpage
181
Abstract
This article establishes the endowment assurance policy model which has deposit function. In this paper, we introduce the survival annuity, increasing life insurance and repaid principal. Considering the actual investment situation of insurance premium, we establish the reflected Brownian motion model under random rates of interest. The concise expressions of formula are given in the case that death happens uniformly in every policy year.
Keywords
Brownian motion; economic indicators; insurance; deposit function; endowment assurance policy model; insurance premium; life insurance; principal payment; random interest rates; reflected Brownian motion model; survival annuity; Computer science; Educational institutions; Electronic mail; Engineering management; Insurance; Investments; Pediatrics; Random variables; Risk management; Technology management; Annuity; life insurance; random rates of interest; reflected Brownian motion;
fLanguage
English
Publisher
ieee
Conference_Titel
Computer Science and Engineering, 2009. WCSE '09. Second International Workshop on
Conference_Location
Qingdao
Print_ISBN
978-0-7695-3881-5
Type
conf
DOI
10.1109/WCSE.2009.648
Filename
5403465
Link To Document