MODELLING OF PROBABILISTIC STRUCTURE OF MULTISTATE INSURANCE CONTRACTS (Modelowanie probabilistycznej struktury ubezpieczen wielostanowych)

• Authors: Debicka Joanna
• Languages of publication: PL

Abstracts

EN

Multistate insurance is a contract that covers different life accidents. This type of insurances consists of the core insurance contract (usually it is a life insurance) and a package of additional contracts (so called options for example health or disabled insurances). The aim of this paper is to model the probabilistic structure of multistate model. Under the assumption that the stochastic process that describes the evolution of the insurance contract is a non-homogeneous Markov chain, we show how to model the probabilistic structure of multistate model by multiple increment-decrement tables. The obtained results are applied to the analysis of the life insurance with illness and disabled options.

Keywords

EN

MARKOV CHAIN; MULTISTATE INCREMENT-DECREMENT TABLES; MULTISTATE INSURANCE; MULTISTATE MODEL

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Econometrics. Ekonometria. Advances in Applied Data Analytics
• Year: 2011
• Issue: 30 (Zastosowania metod ilościowych)
• Pages: 106-120
• Document type: ARTICLE

Contributors

author

Debicka Joanna

• Joanna Debicka, Uniwersytet Ekonomiczny we Wroclawiu, Katedra Statystyki, ul. Komandorska 118/120, 53-345 Wroclaw, Poland

Identifiers

CEJSH db identifier

11PLAAAA107821