Content area
Abstract
This study recognizes the main components of mortality risk and treats them separately to develop a model to calculate a provision for adverse deviation(PAD). Life annuities and other long-term living benefits are the most important insurance products involving longevity risk. There are no standard mortality tables for impaired annuitants, especially for those with chronic medical conditions. Therefore it is difficult to capture longevity risk using traditional mortality projection methods. The first two chapters explain background. In Chapter 3, we develop our model. Chapter 4 examines two applications using real-world data. The PAD model can be used for any impaired insurance products where initial underwriting is necessary.
Details
Title
Model to develop a provision for adverse deviation (PAD) for the mortality risk of impaired lives
Author
Ranasinghe, Sudath P.K.
Year
2007
ISBN
978-0-549-37758-0
Source type
Dissertation or Thesis
Language of publication
English
ProQuest document ID
304863223
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
