Huang, Zhiping; Sherris, Michael; Villegas, Andrés M.; … - In: Risks : open access journal 10 (2022) 9, pp. 1-28
mortality-linked claims. We model USA age-cohort mortality data using five multi-factor affine mortality models. We focus on … without correlations in the factor dynamics. We show that for USA mortality data, the probability of negative mortality rates … performs well compared to the other affine models in explaining and forecasting USA age-cohort mortality data. …