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- Title
PROBABILITY ANALYSIS OF THE CASH OUTFLOW FOR MORTALITY.
- Authors
Whittmore, G. A.
- Abstract
ABSTRACT Cash management in a life insurance firm requires knowledge of the probability distribution of the cash outflow for mortality. In this paper, a model of an insurance portfolio is used to derive this probability distribution. The problem of obtaining the requisite data for constructing the probability distribution is discussed. The paper ends with a discussion of the use of the probability distribution in a cash management application.
- Subjects
CASH management; LIFE insurance; CASH flow; INVESTMENTS; INVESTMENT guaranty insurance; IRREVOCABLE trusts
- Publication
Journal of Risk & Insurance, 1970, Vol 37, Issue 1, p75
- ISSN
0022-4367
- Publication type
Article