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Digital Library of the
European Council for Modelling and Simulation |
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Title: |
Mortality Rates Of Spanish Dependents: A Joint Correction Approach |
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Authors: |
Eduardo Sánchez-Delgado, Sonia de Paz-Cobo, Juan Manuel López-Zafra |
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Published in:
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(2009).ECMS
2009 Proceedings edited by J. Otamendi, A. Bargiela, J. L. Montes, L. M. Doncel
Pedrera. European Council for Modeling and
Simulation. doi:10.7148/2009 ISBN: 978-0-9553018-8-9 23rd
European Conference on Modelling and Simulation, Madrid, June
9-12, 2009 |
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Citation
format: |
Sanchez-Delgado, E., de Paz-Cobo, S., & Lopez-Zafra, J.
M. (2009). Mortality Rates Of Spanish Dependents: A Joint Correction
Approach. ECMS 2009 Proceedings edited by J. Otamendi,
A. Bargiela, J. L. Montes, L. M. Doncel Pedrera (pp.
505-510). European Council for Modeling and Simulation. doi:10.7148/2009-0505-0510 |
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DOI: |
http://dx.doi.org/10.7148/2009-0505-0510 |
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Abstract: |
The quantification of mortality,
especially the one corresponding to the dependents insured, is nowadays a
core problem when pricing long term insurance. The usual fit in Spain shows a
big gap, even more important when adjusting older ages. What we show and
present in the following pages is a joint correction of the extramortality rates departing from the well-known Rickayzen and Walsh reciprocal function of one plus an
exponential. When comparing it wit the usual additive and multiplicative
corrections, the joint one yields better results, fitting
better to the real Spanih sutuation and thus should be choosen
and applied by the insurance sector when working on the subject. |
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