Estimating the Philippine mortality table using a Monte Carlo type simulation
In this era of scientific advancements in the medical field, the lives of individuals have progressed effectively. These developments have their implications in the field of insurance, as mortality tables have to be periodically evaluated to keep at phase with the improvements in mortality. With the...
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| Main Authors: | , , |
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| Format: | text |
| Published: |
Animo Repository
2008
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/faculty_research/5387 |
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| Institution: | De La Salle University |
| Summary: | In this era of scientific advancements in the medical field, the lives of individuals have progressed effectively. These developments have their implications in the field of insurance, as mortality tables have to be periodically evaluated to keep at phase with the improvements in mortality. With the use of simulation, this paper presents an alternative way in constructing a mortality table. A C++ program will be used to simulate lives that are exposed to different hazard factors. Using hazard factors for Philippine Mortality given in the 1998 World Health Organization data, an estimate for a Philippine Mortality Table will be simulated. Furthermore, the estimate will be compared with the Philippine Inter-Company Mortality Table of 1973-1981. This paper is based on the simulation method conducted by Ozeki (2005), which was published in the paper "Applications of Mortality Models in Japan". |
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