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

Giornale dell'Istituto Italiano degli Attuari

27 Pages Posted: 14 Jun 2005

See all articles by Ermanno Pitacco

Ermanno Pitacco

MIB Trieste School of Management

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)

MIB Trieste School of Management

Trieste, Trieste 34100
Italy

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
643
Abstract Views
3,074
rank
61,200
PlumX Metrics