Longevity risk management

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86091567" target="_blank" >RIV/61989100:27510/14:86091567 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Longevity risk management
Original language description
In the last decades it has been possible to observe a decrease in the probability of death at old ages. For appropriate determination of the expected present cash flow, a suitable model is required for mortality forecasting to avoid an underestimation ofthe future cost. The stochastic models for forecasting mortality rates are preferred to the deterministic models. Mortality rate modelling belongs to one of the most im-portant activities not only of insurance companies, but also of pension funds. The Lee-Carter model is one of the most frequently used approaches to mortality rate modelling. The aim of the paper is to estimate the parameters of the Lee-Carter model on the basis of the mortality tables for males and females for various periods and to identify trends in the mortality rates in the Czech Republic.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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