Mortality forecasts predict elevated mortality risk in the upcoming years (female forecasts are similar) (PRNewsfoto/Vesttoo)
"Using proprietary AI and machine learning risk modeling algorithms, Vesttoo built two stochastic forecasts - one based on historical data until the end of 2019 (before COVID-19), and the other based on historical data until November 2020, with the 2019 model assigning a probability of 0.5% for the outcomes of 2020," said Ben Zickel, Chief Technology Officer of Vesttoo.
The increase in mortality levels are clearly seen below when comparing the 2019 model and the November 2020 model, as well as the impact of COVID-19 on future mortality forecasts, including the current January 2021 third wave of mortality, which as the November 2020 model predicts has high probability to be worse than the previous waves.