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The Application of Sequential Analysis to Mortality Data for Assured Lives

Published online by Cambridge University Press:  11 August 2014

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Extract

1. It is some years since the application of sequential analysis to actuarial work was discussed in the Journal and the following paragraphs illustrate how the techniques may be used to help solve a current problem.

2. The data relate to the experience of one large office during the calendar years 1970–73. It corresponds to the returns made to the Continuous Mortality Investigation relating as it does to full premium business for assured lives at duration 2 and over. All the lives have been accepted at normal rates of premium and for convenience the two forms of acceptance (Medical and Non-Medical) have been combined.

Type
Research Article
Copyright
Copyright © Institute of Actuaries Students' Society 1976

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References

REFERENCES

Armitage, P. (1947) ‘Some sequential tests of Student's hypothesis.’ J.R. Statist. Soc. Series B, 9, 250–63.Google Scholar
Benjamin, S. (1960) ‘Théorie statistique des sondages.’ XVIth International Actuarial Congress, Brussels, thème B2, 244–7.Google Scholar
Johnson, N.L. and Moore, P.G. (1957) ‘Applications of sequential analysis to mortality data.’ J.S.S. 14, 84 and 15, 90.Google Scholar
Joint Mortality Investigation Committee (1974) ‘Considerations affecting the preparation of standard tables of mortality.’ J.I.A. 101, 133.Google Scholar