Island Life

(Nov 10, 2009)

We have written extensively about the use of postcodes and geodemographics for mortality modelling.  Two peer-reviewed papers recently presented to the Institute of Actuaries in London have testified to the power of geodemographics when applied to pensioner mortality: Richards (2008) and Madrigal et al (2009).

One feature of standard U.K. postcode profilers is that they typically exclude the crown dependencies, which are not legally part of the United Kingdom.  This makes it impossible to assign a geodemographic type, despite the fact that crown dependencies often have a postcode system which follows the same hierarchical structure as that of the UK.  Postcodes for crown dependencies are therefore…

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Tags: postcodes, geodemographics, Mosaic, Acorn, Guernsey, Jersey, Isle of Man

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