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- W2071755265 abstract "In connection with the paper ofG. Horstmann the author develops a computer programme by which the data for three possible new endowment assurances may be calculated, so as to cover more or less any desired alterations of an existing endowment policy. Apart from the reasonableness of the desired alterations it is assumed only that the existing and the new policies are in accordance with such general conditions as are usual for ordinary life policies in Germany today (e.g. age at entry and duration of the policy are integer numbers …). In order to avoid too specialised assumptions no account is taken of participation in profits but it seems that it may not be difficult to incorporate the calculation of such reserves. The programme is written in the programming language FORTRAN in the IBM 1401-version; the basic principles of this are set out in a report concerning experiences in using FORTRAN for actuarial programming (page 405 of this issue). The data for the existing policy as well as for the alterations desired are fed in by punched card; the resulting “offers” are printed out together with such technical values as are necessary to allow the actuary to control the calculation and, if suitable, to improve the “offer”." @default.
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- W2071755265 date "1963-10-01" @default.
- W2071755265 modified "2023-09-25" @default.
- W2071755265 title "Erstellung von Änderungsangeboten mit Hilfe elektronischer Rechenanlagen" @default.
- W2071755265 doi "https://doi.org/10.1007/bf02888967" @default.
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