Multiple Decrement Models in Insurance

Shailaja Deshmukh is a Professor of Statistics at the University of Pune, India. Her areas of interest are inference in stochastic processes, applied probability and analysis of microarray data. She has authored three books - Microarray Data: Statistical Analysis Using R, (jointly with Dr. Sudha Purohit), Statistics Using R (jointly with Dr. Sudha Purohit and Prof. Sharad Gore) and Actuarial Statistics: An Introduction Using R. She has a number of research publications in various peer-reviewed journals.

• Multiple Decrement Models.- Introduction.- Time to Decrement and Cause of Decrement Random Variables.- Multiple Decrement Table.- Associated Single Decrement Model.- Exercises.- Premiums and Reserves for Multiple Decrement Model.- Introduction.- Actuarial Present Value of Benefit.- Computation of Premiums.- Computation of Reserves.- Exercises.- Defined Benefit Pension Plan.- Introduction.- Actuarial Present Value of Pension Benefit.- Exercises.- Pension Funding.- Introduction.- Accrued Benefit Cost Method for an Individual.- Accrued Benefit Cost Method for a Group.- Aggregate Actuarial Cost Method.- Exercises.- Multi-State Transition Models For Cash Flows.- Introduction.- Markov Chain.- Actuarial Present Values of Cash Flows.- Markov Process Model.- Exercises.