Stochastic Mortality made Easy
The purpose of this paper is to give actuaries an easy-to-use
approach to modelling stochastic mortality. Whilst the approach
described can be used with tailor-made projections, it can also be
applied to published base tables and improvement factors. The
methodology is not particularly new or ground-breaking; however,
it is hopefully accessible and will allow actuaries to use a stochastic
approach to mortality projections more easily.