product description page

Stochastic Methods for Insurance (Hardcover) (Jacques Janssen)

MSRPReg: $120.00 Save $6.00 (5% off)
shipping not available
free order pickup not available
not sold at Manhattan Herald Square

about this item

Life Insurance is by essence a field where stochastic processes can be easily applied. Indeed, a Life Insurance contract can be characterized by two fundamental elements: time and risk: this constitutes precisely the core business of stochastic processes!  Life Insurance is also at the conjunction between Insurance and Finance. Life products contain often a crucial saving aspect but simultaneously they are generally based on various insurance risks (mortality, longevity, disability, long term care). Random techniques inspired by modern quantitative finance as well as by actuarial theory are therefore largely used.

The purpose of this book is to show how stochastic processes develop, and can lead to various stochastic methods applied to life insurance, in order to price, valuate, hedge and manage these contracts.  This random perspective becomes particularly essential nowadays in the context of SOLVENCY II which requires sound risk management modelling.  In this context, in contrast with the traditional way in actuarial science to model life insurance (constant discount rate mixed with a fixed deterministic life table), modern approaches incorporate the stochastic nature of these elements.

trending test prep & study guides

  • Listen and Learn Baby Einstein (Board Book)


  • Big Preschool Workbook, Ages 3-5 (School Zone Publishing) (Paperback)


  • The 5 Love Languages: The Secret to Love that Lasts (Reprint) (Paperback) by Gary Chapman


  • Brain Quest Workbook Pre-K ( Brain Quest) (Mixed media product) by Liane Onish


  • In Conclusion, Don't Worry About It (Hardcover) (Lauren Graham)



  • SheaMoisture® Mongongo & Hemp Seed Oils High Porosity Moisture-Seal Shampoo - 13 fl oz


  • 2018 TF Publishing Desk Calendar

  • Employment Discrimination (Paperback) (Joel Wm. Friedman)


  • Thousands : Poems (Paperback) (Lightsey Darst)


  • Love Print Throw Pillow Collection - Surya

    $25.49 - $33.99

from the manufacturer

guest reviews

Prices, promotions, styles and availability may vary by store & online. See our price match guarantee. See how a store is chosen for you.