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Title: Actuarial calculations with frailty models.
Authors: Wong, George Chung Ming.
Keywords: DRNTU::Business::Finance::Actuarial science
Issue Date: 2000
Abstract: The aim of this study is to find out whether heterogeneity in a population is significant enough to recommend the frailty model in pricing life insurance products. To accomplish this aim, the study uses two tests of hypotheses: the Kolmogorov-Smimov test and the Likelihood ratio test. The research arrives at the conclusion that the presence of heterogeneity in a population with respect to a specific risk category is insignificant and there is no need to recommend the frailty model for pricing life insurance products.
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Theses

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