Changes in mortality rates have an impact on the life insurance industry, the financial sector (as a significant … related to the accuracy of central mortality rates is of key importance. Recently, a temperature-related mortality (TRM) model …) model and several other of its extensions, when mortality-experience data from the United Kingdom is used. There is a need …

Stochastic mortality models seek to forecast future mortality rates; thus, it is apparent that the objective variable … should be the mortality rate expressed in the original scale. However, the performance of stochastic mortality models …-in terms, that is, of their goodness-of-fit and prediction accuracy-is often based on the logarithmic scale of the mortality …

Special-rate life annuities are life annuity products whose single premium is based on a mortality assumption driven … risk. Hence, the risk management objective "enhancing the company market share" can be pursued without significant … worsening of the annuity portfolio risk profile. …