Analysis of Mortality In Republic of Macedonia

Calculations of the life insurance premium depends on values in mortality tables. Mortality tables can be modeled by using different functions for mortality analysis. Mortality tables give different values for both genders, and they differ from one decade to the following one. Those differences can very distinctive. Hence, the insurers should use the updated mortality tables and forecasting of future values of mortality. There are many different models of identification of mortality functions and models for forecasting. In this paper we use Azbel model and possibilities it gives for identification and forecasting future values of mortality. The Azbel model is also compared with time series analysis model. Data are taken for the mortality in Republic of Macedonia.