Monday, January 6
Mon, Jan 6, 5:30 PM - 6:30 PM
Pacific D
Pacific D
Welcome Reception & Poster Session I
The Dependency Impact of Conditional Survival Functions and Archimedean Copulas By Using Life Table (307858)
Hadi Safari-Katesari, Southern Illinois University, Carbondale*Samira Zaroudi, Islamic Azad University, Tehran
Keywords: Conditional survival distribution, Archimedean copula, Kendall correlation, Life table
Nowadays, premiums of insurance contracts for coupled lives are considered dependence. In this presentation, life insurance reserves have been computed using conditional survival distributions, Kendall's tau and copula models by using the lifetime table of insurance industry. These computations have been carried out under some Archimedean copulas for "death of one individual" status. The estimation results indicate that insurer reserves with using Archimedean copula is strongly better than independence condition.