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Sagot :
Statisticians who specialize in estimating the probability of death based on personal characteristics are called actuaries.
Survival analysis, also known as time-to-event analysis, is a branch of statistics that examines the time to occurrence of a particular event of interest.
Insurers use this analysis to foretell the death of an insured and other crucial factors such as policy surrenders, suspension of renewals and claims time. The person who specialize in this is actuaries. The results of such analysis help providers to calculate premiums and customer lifetime value.
This analysis started from the medical and biological fields which used to study mortality, organ failure and the incidence of various diseases.
Perhaps for this reason, survival analysis is often associated with negative events. However, it can also refer to positive events such as how long it would take someone to win the lottery if they entered the lottery every week.
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