Life Insurance with Stochastic Interest Rate

  • L. Noviyantia, M. Syamsuddinb
  • Published 2005
Pricing of insurance product is usually evaluated on a basis where interest rate is assumed to be fixed over time. To obtain a more realistic assessment of the pricing of its product it would be benefit if the interest rates are fluctuating. This paper compares actuarial quantities which calculated based on fixed interest rate to stochastic interest rate… CONTINUE READING