Insurers and pension funds must value liabilities using mortality rates that are appropriate for their portfolio. Current practice is to multiply available projections of population mortality with portfolio-specific factors, which are often determined using Generalised Linear Models....

Life insurers, pension funds, health care providers and social security institutions face increasing expenses due to continuing improvements of mortality rates. The actuarial and demographic literature has introduced a myriad of (deterministic and stochastic) models to forecast mortality rates...

In this paper we present a detailed outline of the posterior distributions for the LL model, as described by Antonio et al. (2015). Moreover, we illustrate the convergence of the Markov Chain Monte Carlo ([MCMC]) updating scheme used by Antonio et al. (2015).The paper "Bayesian Poisson...