A Proposal Based on Stochastic Differential Equations for Income
Publish place: International Journal of Industrial Engineering & Production Research، Vol: 34، Issue: 1
Publish Year: 1401
نوع سند: مقاله ژورنالی
زبان: English
View: 58
This Paper With 8 Page And PDF Format Ready To Download
- Certificate
- من نویسنده این مقاله هستم
استخراج به نرم افزارهای پژوهشی:
شناسه ملی سند علمی:
JR_IJIEPR-34-1_011
تاریخ نمایه سازی: 18 تیر 1402
Abstract:
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.
Keywords:
Authors
Luis Ceferino Franco-Arbeláez
Instituto Tecnológico Metropolitano
Luis Eduardo Franco-Ceballos
Instituto Tecnológico Metropolitano.
Héctor Alonso Olivares-Aguayo
Universidad La Salle México