Actuarial Models for Disability Insurance : A Multiple State Approach - Steven Haberman

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Actuarial Models for Disability Insurance

A Multiple State Approach

By: Steven Haberman, E Pitacco

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Hardcover | 20 October 1998 | Edition Number 1

At a Glance

Hardcover
300 Pages

Dimensions(cm)
23.39 x 15.6 x 1.75

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Disability insurance, long-term care insurance, and critical illness cover are becoming increasingly important in developed countries as the problems of demographic aging come to the fore. The private sector insurance industry is providing solutions to problems resulting from these pressures and other demands of better educated and more prosperous populations. Actuarial Models for Disability Insurance examines the actuarial structure of disability insurance, long-term care insurance, and critical illness cover, including problems encountered in the design and development of such insurances. Actuarial problems such as pricing and reserving are considered within the context of multiple state modeling, providing a vigorous and sound framework for analyzing personal insurances.

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You Can Find This Book In

Non-Fiction Accounting & Finance Finance Insurance & Actuarial Studies Mathematics Probability & Statistics Law Laws of Specific Jurisdictions Financial Law Insurance Law Applied Mathematics Mathematical Modelling

Medicine Medicine in General Health Systems & Services General Practice

Preface	p. ix
Introduction: a history of multiple state models and the actuarial contribution to disability insurance	p. xiii
Multiple state models	p. xiii
Applications to insurance	p. xvi
Multiple state models for life and other contingencies: the time-continuous approach	p. 1
States and transitions	p. 1
Benefits and premiums	p. 3
Examples	p. 4
The time-continuous Markov model	p. 11
Examples	p. 20
The semi-Markov model	p. 31
Splitting of states	p. 36
Finding transition probabilities	p. 40
Increment-decrement tables	p. 45
Actuarial values of benefits	p. 47
Premiums and reserves	p. 52
Examples	p. 54
Distributions of random present values	p. 61
References and suggestions for further reading	p. 65
Multiple state models for life and other contingencies: the time-discrete approach	p. 66
The time-discrete Markov model	p. 66
Examples	p. 68
Splitting of states	p. 71
Actuarial values, premiums and reserves	p. 72
Emerging costs; profit testing	p. 76
References and suggestions for further reading	p. 78
Disability insurance	p. 80
Types of benefits	p. 80
General actuarial aspects concerning a disability annuity	p. 84
Some particular calculation procedures for disability annuities - I	p. 100
Some particular calculation procedures for disability insurance - II	p. 119
Permanent disability lump sums	p. 138
References and suggestions for further reading	p. 142
The graduation of transition intensities	p. 145
Introduction to graduation	p. 145
Crude estimates of the transition intensities	p. 146
Introduction to generalized linear models	p. 149
Graduation of transition intensities using generalized linear models	p. 153
Computational aspects of constructing a multiple state model	p. 170
References and suggestions for further reading	p. 171
Modelling assumptions in graduation of [sigma subscript x]	p. 171
Critical illness cover	p. 174
Types of benefits; additional benefits and acceleration benefits	p. 174
A general multiple state model; the time-continuous approach	p. 174
The time-discrete approach	p. 181
References and suggestions for further reading	p. 185
Long-term care insurance	p. 186
Types of benefits	p. 186
A general multiple state model for LTC benefits - time-continuous approach	p. 188
Multiple state models for some LTC covers	p. 190
The time-discrete approach	p. 200
Some numerical examples	p. 205
References and suggestions for further reading	p. 213
Actuarial models for AIDS	p. 215
Introduction	p. 215
Institute of Actuaries AIDS Working Party model	p. 217
Dutch AIDS model	p. 225
Walter Reed Staging Method (WRSM) model	p. 227
Haberman model and disability insurance	p. 229
Appendix	p. 242
Indexing benefits in insurance packages	p. 243
Introduction	p. 243
Linking benefits and premiums to some index - a formal statement	p. 244
Practical aspects of benefit indexing in insurance packages	p. 248
Some examples	p. 249
Some numerical examples	p. 255
References and suggestions for further reading	p. 262
Bibliography	p. 265
Index	p. 275
Table of Contents provided by Syndetics. All Rights Reserved.

Actuarial Models for Disability Insurance

A Multiple State Approach

At a Glance

Hardcover

Shipping

How to return your order

Defective items

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