From Halley to Frailty: A Review of Survival Models for Actuarial Calculations

Giornale dell'Istituto Italiano degli Attuari

27 Pages Posted: 14 Jun 2005  

Ermanno Pitacco

University of Trieste - Dipartimento di Scienze Economiche, Aziendali, Matematiche e Statistiche B. de Finetti

Abstract

Several contributions, which can be considered as landmarks in the evolution of survival modelling in actuarial mathematics, are focussed. The following topics are concerned: the development from deterministic to stochastic models, from an age-discrete to an age-continuous setting, from single-decrement to multiple-decrement models and to multistate models, from population homogeneity to population heterogeneity. Finally, the progress from static mortality to mortality projections is briefly addressed.

Keywords: Early actuarial models, Mortality laws, Multistate models, Heterogeneity, Mortality projections

JEL Classification: C00, G22

Suggested Citation

Pitacco, Ermanno, From Halley to Frailty: A Review of Survival Models for Actuarial Calculations. Giornale dell'Istituto Italiano degli Attuari. Available at SSRN: https://ssrn.com/abstract=741586

Ermanno Pitacco (Contact Author)

University of Trieste - Dipartimento di Scienze Economiche, Aziendali, Matematiche e Statistiche B. de Finetti

Piazzale Europa 1
Trieste, Trieste 34100
Italy

Paper statistics

Downloads
501
Rank
44,096
Abstract Views
2,144