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Comparison of prices of life insurances using different mortality rates models
Mälardalen University, School of Education, Culture and Communication.
2018 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Capturing mortality became a crucial modelling problem throughout the years due to the raising demand of life insurances and annuities. Fitting three models, namely, logistic, Heligman– Pollard HP4 and power–exponential model, to real life data shows that latter two models represent the actual data quite well. Pricing a term life insurance and a whole life annuity, implemented using the MATLAB software, based on these models ends in the result that the Heligmann–Pollard HP4 model is the less preferable model, in perspective of an insured, than the logistic or power–exponential ones.

Place, publisher, year, edition, pages
2018. , p. 50
Keywords [en]
Pricing life insurances, modelling mortality rate, logistic model, Heligmann– Pollard HP4, power–exponential model
National Category
Mathematics
Identifiers
URN: urn:nbn:se:mdh:diva-39911OAI: oai:DiVA.org:mdh-39911DiVA, id: diva2:1220392
Subject / course
Mathematics/Applied Mathematics
Supervisors
Examiners
Available from: 2018-06-28 Created: 2018-06-18 Last updated: 2018-06-28Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf