Abstract
Before starting with the Markov model, I would like to summarise how traditional calculations using commutation functions are performed. Usually one starts with the probabilities of death and then calculates a decrement table starting with, say, 100000 persons at age 20.
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© 2011 Springer-Verlag Berlin Heidelberg
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Koller, M. (2011). Application of the Markov Model to Life Insurance. In: Life Insurance Risk Management Essentials. EAA Series. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-20721-1_17
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DOI: https://doi.org/10.1007/978-3-642-20721-1_17
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-20720-4
Online ISBN: 978-3-642-20721-1
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