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About Lecture Notes 1
This document provides an overview of key concepts in actuarial modelling including lifetime distributions, survival functions, force of mortality, Gompertz' and Makeham's laws, heterogeneity, underwriting, and selection. It also reviews binomial and Poisson models. Key relationships are derived between survival probabilities, distribution functions, and force of mortality. Gompertz' and Makeham's laws provide simple functions for modelling mortality rates across ages. Heterogeneity and selection aim to group lives by risk factors to ensure accurate pricing of life insurance policies.
Detailed Information
| Author: | ['Munkasir Masud'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 10 |
| Language: | English |
| Format: | |
| Price: | FREE |
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