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Editors-in-chief: Bettina GrĂ¼n, Edzer Pebesma & Achim Zeileis    ISSN 1548-7660; CODEN JSSOBK
The lifecontingencies Package: Performing Financial and Actuarial Mathematics Calculations in R | Spedicato | Journal of Statistical Software
Authors: Giorgio Alfredo Spedicato
Title: The lifecontingencies Package: Performing Financial and Actuarial Mathematics Calculations in R
Abstract: It is possible to model life contingency insurances with the lifecontingencies R package, which is capable of performing financial and actuarial mathematics calculations. Its functions permit one to determine both the expected value and the stochastic distribution of insured benefits. Therefore, life insurance coverage can be priced and portfolios risk-based capital requirements can be assessed. This paper briefly summarizes the theory regarding life contingencies that is based on financial mathematics and demographic con- cepts. Then, with the aid of applied examples, it shows how the lifecontingencies package can be a useful tool for executing routine, deterministic, or stochastic calculations for life-contingencies actuarial mathematics.

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Paper: The lifecontingencies Package: Performing Financial and Actuarial Mathematics Calculations in R     Download PDF (Downloads: 2982)
Supplements:
lifecontingencies_1.0.tar.gz: R source package Download (Downloads: 247; 1MB)
v55i10.R: R example code from the paper Download (Downloads: 294; 13KB)

DOI: 10.18637/jss.v055.i10

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Paper: Creative Commons Attribution 3.0 Unported License
Code: GNU General Public License (at least one of version 2 or version 3) or a GPL-compatible license.