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Lost in translation

Actuaries have a long-standing habit of using different terminology to statisticians. This page lists some common terms used by actuaries in mortality work and their "translation" for a non-actuarial audience. The terms and notation are those used by actuaries in the UK, but in every country I have visited the local actuaries have used similar notation.

Table 1. Common actuarial terms and their definition for statisticians.

Written by: Stephen RichardsTags: central exposed-to-risk, curve of deaths, force of mortality, initial exposed-to-risk, mortality law, mortality rate, survival rates, waiting time, survival models