The use of regression analysis at modeling of mortality in life insurance

Tatiana Šoltésová, Jana Kútiková, Faculty of Economic Informatics, University of Economics in Bratislava, Slovak Republic

Pages: 75 – 86

Abstract

The aim of the paper is to introduce and apply the selected parametric mortality models to modelling of male and female mortality in Slovakia in 2018. The selected mortality models are analysed as regression models including regression function and a random component. We are looking at mortality models as statistical (stochastic) models for which it is necessary to estimate the parameters of regression function based on empirical data of age specific mortality rates (separately for men and women). The parameters of selected mortality models will be estimated by iterative methods of nonlinear regression analysis in the SAS software, through its application SAS Enterprise Guide.

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