mortality models

Mortality models are mathematical tools used to predict how long people are likely to live based on various factors like age, gender, and health trends. They analyze historical data to identify patterns and estimate future death rates. These models are essential for insurance companies, pensions, and public health planning, helping them set premiums, reserves, and policies. By understanding mortality trends, organizations can better manage financial risks associated with population aging and health advances, ensuring resources are allocated efficiently and sustainably.