Life insurance: modeling the lifetime

  • Annamaria OlivieriEmail author
  • Ermanno Pitacco


When writing insurance contracts, the insurer takes risks originating from various causes. In life insurance, causes of risk relate to financial aspects (e.g. investment yield, inflation, etc.), demographical aspects (e.g. lifetimes of policyholders, lapses and surrenders, etc.), expenses. In this Section we are dealing with demographical aspects only, focussing on policyholders’ lifetimes, which in turn determine the frequency of death in a portfolio.


Life Table Survival Function Life Insurance Portfolio Size Longevity Risk 
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© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.Dipartimento di EconomiaUniversità di ParmaParmaItaly
  2. 2.Dipartimento di Scienze Economiche, Aziendali, Matematiche e StatisticheUniversità di TriesteTriesteItaly

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