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lifepack (version 0.1.0)

Insurance Reserve Calculations

Description

Calculates insurance reserves and equivalence premiums using advanced numerical methods, including the Runge-Kutta algorithm and product integrals for transition probabilities. This package is useful for actuarial analyses and life insurance modeling, facilitating accurate financial projections.

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Version

Install

install.packages('lifepack')

Monthly Downloads

148

Version

0.1.0

License

GPL-3

Maintainer

Oskar Allerslev

Last Published

February 28th, 2025

Functions in lifepack (0.1.0)

reserve

Reserve This function calculates the reserve given the reward matrix and some constant rate This function requires proper construction of reward matrix as specified in the lecture notes provided in the course Liv1 at the University of Copenhagen.
equiv_premium

Equivalence Premium
sreserve

Reserve with Dynamic Rate
prodint

Productintegral (C++ optim)