Syllabus
Multiple decrements model. Multiple life insurance. Calculation of premiums and reserves including expense loadings. Pension funds.
1. Allocation of loss to policy years. Hattendorf Theorem.
2. Technical gain.
3. Model of reserves in continuous time. Thiele differential equation.
4. Multiple state models and multiple decrements.
5. Multiple life insurance. Joint-life status. Last-survivor status. Multiple life annuities.
6. Gross premium and gross premium reserve. Zillmerisation.
7. Cash flow analysis in life insurance. Profit measures.
8. Pension insurance. Defined contribution and defined benefit pension plans.
Annotation
Multiple decrements model. Multiple life insurance. Calculation of premiums and reserves including expense loadings.
Pension funds.