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Health Care Insurance Pricing Using Alternating Renewal Processes
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Franck Adekambi
Published/Copyright:
December 13, 2012
Abstract
This paper uses an Alternating Renewal Process to model the lengths of the health and sickness periods. The first two moments of the discounted aggregate benefits paid out up to an arbitrary time t are then derived.
Keywords: alternating renewal process; discounted aggregate amount of benefit; moments; health care insurance pricing; force of interest
Published Online: 2012-12-13
©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Keywords for this article
alternating renewal process;
discounted aggregate amount of benefit;
moments;
health care insurance pricing;
force of interest
Articles in the same Issue
- Featured Article
- Statistical Review of Nuclear Power Accidents
- Logit Regression Based Bankruptcy Prediction of Korean Firms
- Efficiency and Productivity of Indian Life Insurance Industry
- Projecting the Cost of Long-Term Care Insurance in Korea
- Survival Analysis of Left Truncated Income Protection Insurance Data
- Health Care Insurance Pricing Using Alternating Renewal Processes
