Sumários

Joint life probabilities

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Joint life status and compound status.

Examples.


Policy alterations

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Anti selaction and moral risk. Reserves, the policy value and policy alterations. The new contract and the new premium.

capital reduction, surrender value and paid-up values.

Examples


Reserves

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Recurrence formula and Thiele´s differential equation.

Examples for annuities and whole life insurances.


Reserves

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Prospective and retrospective reserves or policy values for different types of contracts.

IAN and examples.


Reserving

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The policy value along time.

Exercise.