Affiliation:
1. North China Institute Of Science And Technology,
Abstract
In this paper, it aims at an n-year term increasing life insurance model, considers the factual statements and the bursting out things’ influence on interest rate, establishes the model for stochastic interest rate by Reflected Brownian motion associating with Poisson process, and gives the common expression of semi-continuous reserve and the expression in the suppose of Uniform distribution of death.
Publisher
Trans Tech Publications, Ltd.
Reference7 articles.
1. X.Y. Wang: Henan Science, Vol. 16 (1998) No. 3, pp.339-343.
2. Q.R. Jiang: Journal of Hangzhou University (Natural Science), Vol. 24 (1997), No. 2, pp.95-99.
3. L.Y. Wang, Y. Liu: Journal of Dalian University, Vol. 24 (2003), No. 4, pp.17-20.
4. David Perry, Wolfgang Stadje: Mathematics and Economics, Vol. 29 (2001), p.73~82.
5. David Perry, Wolfgang Stadje, Rami Yosef: Insurance: Mathematics and Economics, Vol. 32 (2003), pp.245-253.