Longevity Risk and Modelling in The Life and Pension Insurance Company

Öz

Longevity risk is exactly the opposite of mortality risk and indicates that live longer than life expectancy has a cost for insurance companies. Longevity risk is one of the important topics which take part in actuary literature. One of the most widely used model is Lee-Carter (LC) model which allow to be expressed as a stochastic process of mortality models. The study was carried out in order to model male and female mortality rates in Turkey by means of Lee-Carter (LC) method and in order to make predictions for the future. Thus, male and female death rates associated with age between 1950-2020 years of Turkish statistical institute in Turkey was used as data. At the end of study, it was found that death rate of men may be more than those females for the future.

Anahtar Kelimeler

• Insurance
• Longevity Risk
• Mortality Risk

Kaynakça

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