Actuary

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Actuary

An accredited insurance mathematician who calculates premium rates, reserves, and dividends and prepares statistical studies and reports.
References in periodicals archive ?
Every government employer that offers defined benefit pensions should continue to obtain no less than biennially an actuarially determined contribution (ADC) to serve as the basis for its contributions;
contrast to this approach, a court deploying actuarially fair
Equipped with these results, we are able to derive actuarially fair premiums for five ubiquitous deductible policies.
Next, we show that the actuarially fair deposit insurance premium, the premium that is equal to the expected value of the payments from the insurance fund to the bank's depositors, depends on the correlation structure in banks' investments.
For an agent multiple-employer OPEB plan, the requirement of paragraph 33 of Statement 43 to obtain an actuarial valuation for purposes of measuring the actuarially determined information to be reported in the schedules of required supplementary information and related note disclosures can be met by reporting aggregated individual-employer OPEB plan information determined by actuarial valuations or measurements using the alternative measurement method for individual-employer OPEB plans that are eligible.
i) the equilibrium in the private insurance market is socially optimal if the price of the insurance is actuarially fair ( P = [pi]);
amounts reasonably and actuarially necessary to fund incurred but unpaid disability claims but only to the extent they are payable at an annual rate in excess of the lower of (i) 75 percent of an individual's average high three-years' compensation or (ii) the dollar limit on an annual benefit of a defined benefit plan;
GASB allows reserves to be estimated, as long as the estimates are based on historical loss information and are actuarially sound.
Mossin [10] showed, for a consumer with declining absolute risk aversion and at a price of insurance above the actuarially fair level but below the price at which no insurance will be purchased, the optimal amount of insurance demanded against a loss of a given size is inversely related to the consumer's income.
The intent of TOLI is to fund an obligation on an actuarially sound basis, in a manner very similar to pension funding.
Although the city pays the actuarially based annual required contribution (ARC) for its pension liability and some years has contributed more than the ARC, the funded ratios for all four pension funds remain well below average.
Over time, the goal is for the policy-targeted return to meet the actuarially assumed rate of return, or 7 percent on an annualized basis.