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Insurance means protection against different kinds of risks with financial consequences. In frame of this protection, the insured transfers its risks, the possible negative consequences of which are unbearable to the insurer, i.e. to an insurance company. In order to compensate the insurer for such consequences, the insurance company collects the premium for the transfer of risk, the amount of which depends on the size of conventional damages, having a random character. The balance between premium written and prem...

One of the factors of the economic and financial prosperity of the country is the age structure of the population. The bases for the age population structure calculation are the statistical tables. The indicator specific mortality rate is usually calculated on the base of the known data concerning the death people and living people. The Makeham - Gompertz function is one of the commonly used models for the mortality modelling of the population. Parameters of this function are mostly estimated for example by the me...