Chapter 7

Life Contingencies

Giorgio Spedicato

UnipolSai Assicurazioni Bologna, Italy

7.1 Introduction

This aims to show how standard financial and actuarial mathematics calcula­tions for life-contingent risks can be easily performed within the R statistical software and lifecontingencies package, Spedicato (2013a). While theoretical concepts will be briefly recalled during the exposition, the interested reader could find deeper details within stan­dard actuarial references such as Finan (n.d.), Dickson et al. (2009), Bowers et al. (1997), and Ruckman & Francis (n.d.).

The chapter will be organized as follows: Section 7.2 will deal with financial mathemat­ics applications, Section 7.3 will show life table analysis and applications, Section 7.4 ...

Get Computational Actuarial Science with R now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.