Chapter

Modelling life expectancy

Edmund Cannon and Ian Tonks

in Annuity Markets

Published in print October 2008 | ISBN: 9780199216994
Published online January 2009 | e-ISBN: 9780191711978 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199216994.003.0004
Modelling life expectancy

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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

Chapter.  9178 words.  Illustrated.

Subjects: Pensions

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