Semi-Markov reward models for disability insurance

• Date: 2006
• Main Authors: Stenberg, F., Manca, R., Silvestrov, D.
• Format: Article
• Language: English
• Published: Інститут математики НАН України 2006
• Online Access: https://nasplib.isofts.kiev.ua/handle/123456789/4468
• Journal Title: Digital Library of Periodicals of National Academy of Sciences of Ukraine
• Cite this: Semi-Markov reward models for disability insurance / F. Stenberg, R. Manca, D. Silvestrov // Theory of Stochastic Processes. — 2006. — Т. 12 (28), № 3-4. — С. 239–254. — Бібліогр.: 34 назв.— англ.

A semi-Markov model for disability insurance is described. Statistical evidences of relevance semi-Markov setting are given. High order semi-Markov backward reward models are invented. Applications of these
 models to profit-risk analysis of disability insurance contracts are considered.