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The Actuary Pricing of an Innovative Housing Mortgage Insurance

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Author(s): CHEN Liping | LI Chen

Journal: Progress in Applied Mathematics
ISSN 1925-251X

Volume: 2;
Issue: 1;
Start page: 73;
Date: 2011;
Original page

Keywords: Mortgage | Insurance | Insurance actuary pricing

ABSTRACT
Give an innovative design for housing mortgage insurance in the basis of the guarantee insurance, then obtain the pricing formula of the innovative mortgage insurance by using the method of insurance actuary pricing, when the property value is driven by general O-U process. Key words: Mortgage; Insurance; Insurance actuary pricing
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