Mortality risk models have been developed to capture trends and common factors driving mortality improvement. Multiple … is necessary to take into account the richer age structure of mortality improvement from young ages to middle and then …

and the government bodies in the developed world. Significant and consistent improvements in mortality rates and hence … explosion of stochastic mortality models forecasting trends in mortality data in order to anticipate future life expectancy and … hence quantify the costs of providing for future ageing populations. Many stochastic models of mortality rates identify …

Stochastic modeling of mortality rates focuses on fitting linear models to logarithmically adjusted mortality data from … the middle or late ages. Whilst this modeling enables insurers to project mortality rates and hence price mortality … products it does not provide good fit for younger aged mortality. Mortality rates below the early 20’s are important to model …

We present a new way to model age-specific demographic variables with the example of age-specific mortality in the U … jointly with the latent variables underlying mortality of all age classes. In contrast to previous models, a similar … forecasts for particular age classes. A structural analysis of the relationship between age-specific mortality and covariates is …

In this paper we use doubly stochastic processes (or Cox processes) in order to model the random evolution of mortality … investigate the applicability of time-homogeneous a±ne processes in describing the individual's intensity of mortality and the … mortality trend, as well as in forecasting it. We calibrate them to the UK population. Calibrations suggest that, in spite of …

Motivated by a recent demographic study establishing a link between macroeconomic fluctuations and the mortality index … company. Liabilities in our stochastic simulation framework are driven by a GDP-linked variant of the Lee-Carter mortality … stochastic process. Our results show that insolvency probabilities are significantly higher when the reaction of mortality rates …

may either choose to receive annuity payouts, calculated based on a mortality table agreed to at contract inception, or … receive the accumulated capital as a lump sum. Considering stochastic mortality improvements, such an option could be of … substantial value. Whenever mortality improves less than originally expected, the policyholder will choose the lump sum and buy an …

on residential property price indices, mortality swaps and longevity derivative contracts. We also indicate how new …