Alai, Daniel H.; Ignatieva, Ekaterina; Sherris, Michael - In: Risks : open access journal 7 (2019) 2/61, pp. 1-22
Stochastic mortality models have been developed for a range of applications from demographic projections to financial … management. Financial risk based models built on methods used for interest rates and apply these to mortality rates. They have … Smith (2005) proposed a model based on a forward-rate mortality framework with stochastic factors driven by univariate gamma …