A handbook of parametric survival models for actuarial use

  title={A handbook of parametric survival models for actuarial use},
  author={Stephen J. Richards},
  journal={Scandinavian Actuarial Journal},
  pages={233 - 257}
  • S. Richards
  • Published 1 December 2012
  • Economics
  • Scandinavian Actuarial Journal
Traditional actuarial techniques for mortality analysis are being supplanted by statistical models. Chief amongst these are survival models, which model mortality continuously at the level of the individual. An assumption of a mathematical form for the hazard function or, equivalently, the assumption of a continuous distribution for an individual's lifetime, leads automatically to smooth fitted mortality rates. This note gives an overview of the survival models commonly found in statistical… 

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