DETERMINING CRITICAL ILLNESS PREMIUM USING FOURSTATE MARKOV CHAIN MODEL
Critical Illness Insurance is an insurance product with lump sum benefit or cash payment if the policy holder is diagnosed with critical illness in insurance contract. Health state change process can be observed and modeled by multi-state Markov chain with time continuous parameter. The change pr...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/43009 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |