Components of Historical Mortality Improvement Volume 2 − Mortality Rate Modeling and Conclusions
Johnny Siu-Hang Li, Rui Zhou, Yanxin Liu
Society of Actuaries | Published : 2017
This volume of the report on the “Components of Historical Mortality Improvement” project documents the modeling work associated with Route B. It also compares the results from Routes A and B, and draw a final conclusion. To recapitulate, in Route B, APC models are fitted to mortality rates and the desired A/P/C decomposition of mortality improvement experience is obtained by transforming the parameters in the chosen APC model.