Aim
The aim of the Mortality course is to provide a sound understanding
of the analysis of the mortality and the extension of these concepts to
the analysis of multi-state models.
Objectives
On completion of the module the trainee actuary will be able to:
describe the statistical models underlying a process with a single
decrement,
describe how to collect data in form suitable for examining past experience,
calculate the exposure to risk using census methods and exact exposure
methods, and derive crude decrement rates for a single decrement model
by age and duration,
show how actual experience can be monitored against expected experience
for a single decrement model,
describe the principal methods available for graduating experience
rates, and the considerations to be taken into account in selecting a method,
describe and apply the principal tests for establishing the suitability
of a graduation,
discuss the variation of mortality with regard to social, economic
and regional factors and the of standardized mortality rations for describing
such variations,
describe the principal forms of heterogeneity within a population with
regard to mortality and sickness and the ways in which selection cam occur,
describe the principal features of general population mortality experience
in Hungary during the second half of the 20th century and discuss
the principal factors which may affect the future development of mortality
rates,
describe the main graduated standard mortality tables that are currently
suitable for use in Hungary and describe how the tables may be adjusted
to have regard to current and projected future experience,
discuss the need for risk classification and the use different factors
to classify risks,
demonstrate how to use multiple state or a multiple decrement model
to describe the evolution of a population subject to more than one decremental
factor; with or without an incremental factor, both in discrete and continuous
form and with or without independence between factors,
show how the concepts of exposure to risk and comparison of actual
with expected can be applied to a multiple state or multiple decrement
model.