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 ?
Proposition 1: With no liquidity constraint and no risk of insurer default an agent faced with actuarially fair insurance will choose full coverage (kt - 1).
In order to qualify as a Medicaid-compliant annuity under the federal Deficit Reduction Act (DRA), the annuity contract must be irrevocable and non-assignable; it must be actuarially sound; and it must provide payments in equal installments over the term of the annuity.
The annuity contract must be irrevocable and non-assignable, it must be actuarially sound, and it must provide payments in equal installments over the term of the annuity (i.
Proper consideration of the changing landscape of insured properties, advancements in geographic risk classification, and detailed data on construction practices and materials requires an integrated catastrophe modeling approach to generate the appropriate inputs to calculate actuarially sound rates.
insurance company's policies to remain actuarially sound, it must
Sections III through VII derive closed-form actuarially fair premium formulas for five ubiquitous deductible insurance policies, depict their premia for various parameters, and provide the economic intuition for our results.
Raising the early retirement age for Social Security is relatively neutral with respect to Social Security program liabilities since benefits are now close to being actuarially fair at all ages.
Given this collective moral hazard, we obtain our third and final result: the incentive-efficient premium that discourages banks from excessive correlation in their investments features a higher charge for joint bank failure risk than the actuarially fair premium.
Insurance is readily available at an actuarially sound rate everywhere," he said.
The requirements in this Statement will allow more agent employers to use the alternative measurement method to produce actuarially based information for purposes of financial reporting.
The GRAT is actuarially similar to the charitable remainder annuity trust (see page 66).
I continue to have concerns about the length of time in years that it will take us to be actuarially sound, to have actuarially sound rates," said Richter, who is the chairman of the Senate Banking and Insurance Committee.