Modeling and Forecasting Morbidity and Disease-mortality of Chinese Impaired Lives with the General Chronic Diseases

Zhang Ning () and Yuan Yanran ()
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Zhang Ning: Central University of Finance and Economics, Beijing100081, China
Yuan Yanran: Central University of Finance and Economics, Beijing100081, China

Journal of Systems Science and Information, 2014, vol. 2, issue 1, 38-46

Abstract: The paper did some work to analyze the longevity risk of impaired lives with general chronic diseases. The work was based on the age-specific, time-specific and disease-specific data set which is from the underwriting data base, the Chinese healthy yearbook and the medical institution. After some analysis on the final data, the results showed that there was an obvious upward trend in morbidity and downward trend mortality. All the results can be used in the pricing process of insurance products for impaired lives. The paper also showed the pricing results of innovative life insurance products for impaired lives with diabetes. The conclusion means a good market chance for any insurance companies.

Keywords: impaired lives; general chronic diseases; Lee-Carter model (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:jossai:v:2:y:2014:i:1:p:38-46:n:4

DOI: 10.1515/JSSI-2014-0038

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