4 papers · 1 filter
A Tale of Two Pathways to Gompertz Mortality: Reliability and Vitality from an Actuarial Perspective
Guoqian Li, Kenneth Q. Zhou, Xiaobai Zhu
This paper studies two mechanistic explanations for human mortality by examining reliability theory and vitality modelling through a unified actuarial perspective. While the two ap…
Mortality Heterogeneity and Actuarial Fairness in China's Notional Defined Contribution Pension System
Xiaoyu Dong, Hong Li, Kenneth Q. Zhou +1
We study actuarial fairness in China's notional defined contribution (NDC) pension system when mortality differs across income groups. Under current rules, individual account balan…
The long shadow of pandemic: Understanding the lingering effects of cause-specific mortality shocks
Yanxin Liu, Kenneth Q. Zhou
In the aftermath of the COVID-19 pandemic, empirical data have revealed that large-scale health crises not only cause immediate disruptions in mortality dynamics but also have pers…
Fair Pricing in Long-Term Insurance: A Unified Framework
Hong Beng Lim, Mengyi Xu, Kenneth Q. Zhou
Extant literature on fair pricing methods for actuarial contexts has primarily focused on the regression setting. While such approaches are well-suited to short-term products, it i…