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Thursday, 2 July 2009
A(H1N1) death rates
For actuaries out there, in case you are pricing a product to cover death risk for A(H1N1) patients, the world death rate currently stands at 0.42%. This is equivalent to the mortality rate of a male aged 50, according to the latest Malaysian insured life table M9903, definitely not to be taken lightly. (In layman's terms, the chance of an A(H1N1) patient dying is the same as the chance of a male aged 50 dies due to all causes before he reaches age 51).
The table below shows the death rate by country:
Source: The Star
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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1 Comments:
I should add that the chance of a person dying due to accident in a year is about 0.03%. So an A(H1N1) patient is 14 times more likely to die due to A(H1N1) than due to accident!
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