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Focuses on the role of planning for insurance needs. Pdf introduction to insurance mathematics download full. The risk can be eliminated by increasing the size of the portfolio. The course gives an overview of the basis of nonlife insurance mathematics. In addition to the model of life contingencies, the theory of compound interest is explained and it is shown how mortality and other rates can be estimated from. This is the english version of the original publication, which was published originally in hungarian. Covers basic concepts in risk management and insurance, insurance industry operations, legal principles.
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