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This document introduces commutation functions, which were used historically to simplify actuarial calculations before powerful computers. Commutation functions allowed expected values like net premiums to be determined within a deterministic model based on cohort mortality rates. While useful historically, commutation functions are now obsolete due to computers and modern probabilistic models. The document provides examples of how commutation functions could be used to determine quantities like life annuit

Author

C.Ellena

Language

EN