Modelling life expectancy
Modelling life expectancy
The actuarial profession has developed to enable insurance companies to value life insurance products on a scientific basis. This chapter considers the methods used by actuaries to price annuities and describes the measurement of life expectancy. It reports on the life data collected by the Continuous Mortality Investigation Bureau and the recent trends in life expectancy.
Keywords: actuaries, mortality data, projecting mortality, Continuous Mortality Investigation Bureau
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