Statistical Methods with Applications to Demography and Life Insurance

Estáte V. Khmaladze

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March 25, 2013 by Chapman and Hall/CRC
Reference - 242 Pages - 13 B/W Illustrations
ISBN 9781466505735 - CAT# K14582

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Features

  • Provides an easy transition from pure mathematics to demography and life insurance applications
  • Illustrates precise mathematical statements through real-world statistical problems
  • Includes new problems and techniques not covered in existing actuarial literature

Summary

Suitable for statisticians, mathematicians, actuaries, and students interested in the problems of insurance and analysis of lifetimes, Statistical Methods with Applications to Demography and Life Insurance presents contemporary statistical techniques for analyzing life distributions and life insurance problems. It not only contains traditional material but also incorporates new problems and techniques not discussed in existing actuarial literature.

The book mainly focuses on the analysis of an individual life and describes statistical methods based on empirical and related processes. Coverage ranges from analyzing the tails of distributions of lifetimes to modeling population dynamics with migrations. To help readers understand the technical points, the text covers topics such as the Stieltjes, Wiener, and Itô integrals. It also introduces other themes of interest in demography, including mixtures of distributions, analysis of longevity and extreme value theory, and the age structure of a population. In addition, the author discusses net premiums for various insurance policies.

Mathematical statements are carefully and clearly formulated and proved while avoiding excessive technicalities as much as possible. The book illustrates how these statements help solve numerous statistical problems. It also includes more than 70 exercises.