Hostname: page-component-745bb68f8f-b6zl4 Total loading time: 0 Render date: 2025-02-06T17:37:06.842Z Has data issue: false hasContentIssue false

On the Graduation of ‘Amounts’

Published online by Cambridge University Press:  10 June 2011

Rights & Permissions [Opens in a new window]

Abstract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

The provision of graduated mortality rates, for the United Kingdom pensioners' experience, based on the so-called ‘amounts’ data sets is addressed. Specifically a methodology is investigated, building on the existing methods practiced by the CMI Bureau, which takes a more detailed account of the underlying structure of the data involved. The method is applied to the U.K. pensioners' experience and recent mortality trends in this experience revealed.

Type
Sessional meetings: papers and abstracts of discussions
Copyright
Copyright © Institute and Faculty of Actuaries 1996

References

REFERENCES

CMI Committee (1974). Considerations affecting the preparation of standard tables of mortality. J.I.A. 101, 135216.Google Scholar
CMI Committee (1976). The graduation of pensioners' and of annuitants' mortality experience, 1967–70. CMIR, 2, 57103.Google Scholar
Forfar, D.O., McCutcheon, J.J. & Wilkie, A.D. (1988). On graduation by mathematical formula. J.I.A. 115, 1149 and 693–698 and T.F.A. 41, 97–269.Google Scholar
Renshaw, A.E. (1991). Actuarial graduation practice and generalised linear & non-linear models. J.I.A. 118, 295312.Google Scholar
Renshaw, A.E. (1992). Joint modelling for actuarial graduation and duplicate policies. J.I.A. 119, 6985.Google Scholar
Renshaw, A.E., Haberman, S. & Hatzopoulos, P. (1996). The modelling of recent mortality trends in United Kingdom male assured lives. B.A.J. 2, II.Google Scholar