This is documentation for Mathematica 8, which was
based on an earlier version of the Wolfram Language.
View current documentation (Version 11.2)
Distributions Used in Actuarial Science
Actuarial science is in some ways older than probability and statistics itself and was in many ways instrumental in the development of probability and statistics. One of the earliest applications is to life distributions or mortality laws, in order to be able to determine life insurance fees. But there are many more uses, including claim frequency and claim size distributions.
Lifetime Distributions
GompertzMakehamDistribution exponential mortality rate
WeibullDistribution power mortality rate
UniformDistribution de Moivre's mortality rate
Insurance Claim Frequency Distributions
MORE ABOUT