insurance. I compare models with deterministic and stochastic hazard rate of death to a model without mortality risk. Mortality … influences optimal controls and wealth evolution. The insurance is used to ensure optimal bequest such that there is no … accidental bequest. In the absence of the insurance, the biggest part of bequest is accidental. …

In order to preserve their solvency, it is very important for insurance companies to accurately estimate their future …), and 3) these latter probability based models combined with bootstrapping. To implement these models we used data on life-insurance … and non-life insurance. Our findings indicate among distribution based methods, Mack's model (dataset 1 and 2) and Gamma …