Description: This is the abstract of the paper 'A Stochastic Definition of Future Shares'. The traditional definition of actuarial future values and stochastic definition of Ramsay are discussed. A modification of Ramsay's definition is proposed and an application to life insurance reserves is presented.

Description: This is an abstract article on the distribution of discounted compound renewal sums.

Description: This is the abstract for the research on the application of discounted PH-renewal sums.

Description: This abstract describes a paper that shows how to calculate the distribution of discounted compound PH-renewal sums by inverting the Laplace transform.

Description: This abstract describes research that provides an alternative approach for establishing insurance premiums which takes into account the dependence between the claim frequency and severity.

Description: This abstract describes a paper that investigates multivariate risk processes which may be useful in studying ruin problems for insurance companies handling dependent classes of business.

Description: Several authors have used Fourier inversion to compute prices of puts and calls, some using Parseval’s theorem. The expected value of max[S K,0] also arises in excess-of-loss of stop-loss insurance. This is the abstract of a paper that shows that Fourier methods may be used to compute them. The authors take the idea of using Parseval’s theorem further: 1. formulas requiring weaker assumptions, 2. relationship with classical inversion theorems for probability distributions, 3. formulas for pay-offs which occur in insurance. Numerical examples are provided.

Description: This abstract describes a paper that studies the relation between the two basic random events associated with human mortality: birth and death.