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Actuarial Methods

  1. Steven Haberman

Published Online: 15 JUL 2005

DOI: 10.1002/0470011815.b2a02001

Encyclopedia of Biostatistics

Encyclopedia of Biostatistics

How to Cite

Haberman, S. 2005. Actuarial Methods. Encyclopedia of Biostatistics. 1.

Author Information

  1. Cass Business School, London, UK

Publication History

  1. Published Online: 15 JUL 2005

Abstract

Actuarial methods overlap with biostatistics in a number of important areas including the development and application of the survival model, and its extensions—the multiple decrement and multiple state models; projections of populations that involve extrapolations of demographic and biostatistical rates and probabilities; parametric and nonparametric methods of smoothing and curve fitting (known as graduation); and risk classification. In each of these areas, actuarial science has followed the innovations in statistical and biostatistical theory and application and developed these further for specific actuarial applications.

Keywords:

  • insurance;
  • actuary;
  • risk;
  • life table;
  • multiple state;
  • survival;
  • projection;
  • graduation