Use and construction of mortality tables in life insurance

Michal Páleš, Faculty of Economic Informatics, University of Economics in Bratislava, Slovak Republic

Pages: 33 – 44


Theoretical knowledge of actuaries is associated with financial mathematics, stochastic models, actuarial mathematics and demography, life and non-life insurance, the theory of risk and insurance investments. This paper is focused on demography – namely on the construction of mortality tables and modelling mortality, graduation and testing the accuracy of graduation based on real data from the insurance practice in the context of the actuarial function. Practical examples are illustrated on the basis of defined process of the construction of mortality tables using MS Excel software.

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