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Researchers at University of Lodz Release New Data on Insurance Economics (A note on multiple life premiums for dependent lifetimes)

August 29, 2014



By a News Reporter-Staff News Editor at Insurance Weekly News -- Current study results on Insurance Economics have been published. According to news reporting out of Lodz, Poland, by VerticalNews editors, research stated, "We study the properties of multiple life annuity and insurance premiums for general symmetric and survival statuses in the case when the joint distribution of future lifetimes has a dependence structure belonging to some nonparametric neighbourhood of independence."

Our news journalists obtained a quote from the research from the University of Lodz, "The size of the neighbourhood is controlled by a single parameter, which enables us to model really weak as well as stronger dependencies. We provide bounds on the difference of multiple life premiums for vectors of dependent and independent future lifetimes with the same univariate marginal distributions."

According to the news editors, the research concluded: "Each such upper bound can be treated as a premium loading related to the strength of lifetimes' dependence."

For more information on this research see: A note on multiple life premiums for dependent lifetimes. Insurance Mathematics & Economics, 2014;57():25-30. Insurance Mathematics & Economics can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands.

Our news journalists report that additional information may be obtained by contacting M. Kaluszka, Lodz Univ Technol, Inst Math, PL-90924 Lodz, Poland.

Keywords for this news article include: Lodz, Poland, Europe, Insurance Economics

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Source: Insurance Weekly News


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