Mortality and force of mortality
- This topic has 2 replies, 2 voices, and was last updated 5 years, 9 months ago by
Mayank Goyal FIA.
Viewing 3 posts - 1 through 3 (of 3 total)
-
Posts
-
Vanshika Gupta
Mortality and force of mortality in actuarial science.
A mortality rate is a measure of the frequency of occurrence of death in a defined population during a specified interval. Morbidity and mortality measures are often the same mathematically it’s just a matter of what you choose to measure, illness or death.
In actuarial science, force of mortality represents the instantaneous rate of mortality at a certain age measured on an annualized basis. It is identical in concept to failure rate, also called hazard function, in reliability theory.Mayank Goyal FIA
Do you know this is a big one an interview question for any actuarial job!
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.