Abstract
When writing insurance contracts, the insurer takes risks originating from various causes. In life insurance, causes of risk relate to financial aspects (e.g., investment yield, inflation, etc.), demographical aspects (e.g., lifetimes of policyholders, lapses and surrenders, etc.), and expenses. In this chapter, we deal with demographical aspects only, focussing on policyholders’ lifetimes, which in turn determine the frequency of death in a portfolio.
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See: Dellaportas P., Smith A.F.M., Stavropoulos P. (2001), Bayesian Analysis of Mortality Data, Journal of the Royal Statistical Society. Series A, vol. 164 (2), pp. 275–291.
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Olivieri, A., Pitacco, E. (2015). Life Insurance: Modeling the Lifetime. In: Introduction to Insurance Mathematics. EAA Series. Springer, Cham. https://doi.org/10.1007/978-3-319-21377-4_3
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DOI: https://doi.org/10.1007/978-3-319-21377-4_3
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Online ISBN: 978-3-319-21377-4
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