Mortality Assumption

Mortality Assumption

A statistical estimate of the number of deaths a life insurance company expects to occur over a given period of time. The mortality assumption influences the underwriting decisions an insurer makes.
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The result mainly reflects positive impact from mortality assumption changes as well as a reduction in expenses largely due to no increase in the German Insurance Business litigation provision.
Fitch Affirms Scottish Widows' IFS at 'AA-'; Outlook Stable
Another very important assumption is the extent to which mortality improvement is factored into the pricing (i.e., the reinsurer's mortality assumption for your business).
A primer on reinsurance pricing strategy: "a checklist for optimizing reinsurance negotiation"
Prior to the reinsurance utilization decline, cessions had been driven more by perceived mortality assumption arbitrage and by the desire to manage capital strain associated with Triple-X statutory reserve requirements introduced in 2000.
An industry poised for change: demographic, industry and market trends are converging to open up new avenues for life reinsurers
It's a common misconception that LTC pricing "mistakes" are primarily because the LTC insurance industry failed to price for people living longer (mortality assumption) and therefore they would be more likely to go on claim (morbidity assumption).
LTCI watch: miss
The first scenario uses a common mortality assumption, and the second scenario accounts for smoking-attributable mortality in calculating the NMSSTR.
Smoking taxing health and social security
Sensitivity of model predictions to violations of density-independent mortality assumption
Coupling ecology and economy: modeling optimal release scenarios for summer flounder (Paralichthys dentatus) stock enhancement
We did this to insure that subsequent modifications examining the model's sensitivity to the mortality assumption could be attributed to the effects of the assumption itself rather than to other unspecified differences between the two versions.
The evolution of reproductive effort in squamate reptiles: costs, trade-offs, and assumptions reconsidered
Thus, the 1-year survival probability can be calculated as [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII] under a constant force of mortality assumption. Let [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII] denote the n-year survival probability that an [x.sub.0]-aged person in calendar year to reaches age [x.sub.0] + n.
Pricing survivor derivatives with cohort mortality dependence under the Lee-Carter framework
As only one mortality assumption is used in Ireland, it is not possible to assess from the published data the extent to which the contrast reflects differences in the assumptions adopted for improvements in mortality.
Exploring population projections: sources of uncertainty and the user perspective
The number of possible combinations is commonly reduced (whether intentionally or not) by restricting the number of assumptions, often by including only one mortality assumption on the grounds that differences in mortality have little effect on the population outcome.
On the importance of being uncertain: forecasting population futures for Australia
* How will the active life mortality assumption be developed?
A new response: hybrid life insurance/long-term care product sales are rising, but the industry must pay attention to pricing and risk mitigation techniques
The American Council of Life Insurers (ACLI) said it was "very disappointed" that the key task force involved in setting standards adopted amendments to override the mortality assumption setting proposal developed by the American Academy of Actuaries' (AAA), in a letter to Mike Boerner, chair of the NAIC Life Actuarial Task Force (LATF) and the lead Texas actuary.
Getting to Principles-Based Reserving Will Not Be Easy
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