Actuarial Statistics

Actuarial Statistics

A general term for the data used by actuaries in evaluating the risks of morbidity and mortality in particular groups, and projecting future financial liabilities of insurance policies and pensions.
References in periodicals archive ?
This has resulted in pricing overhauls in several markets, including the music industry s shift from albums to per-song pricing; telecom s move from per-minute to per-second billing, and the auto insurance industry s Pay-as-You-Drive (PAYD) performance-based pricing as an alternative to monthly premiums based solely on actuarial statistics.
Insurance premiums today are based on actuarial statistics that apply to large, predictable populations.
For example, the lawyer might ask: "Don't your so-called actuarial statistics come from the violent behavior of persons other than Mr.
NBCCF hopes to show policymakers in a very concrete way why health care access is more than the faceless abstraction of actuarial statistics.
The insurance industry had argued that that the differences between the sexes for insurance purposes were based on actuarial statistics and were nothing to do with sex discrimination in the accepted sense.