Sentences with phrase «actuarial analysis»
"Actuarial analysis" refers to a process of using statistical and mathematical methods to assess and analyze risks associated with certain events, such as accidents, illnesses, or financial losses. These analyses help insurance companies determine the likelihood of these events happening and calculate insurance premiums accordingly. Full definition
GSE fees should be based on transparent actuarial analysis of the mortgage credit risks being incurred and should fully reflect the risk - reducing benefits of MI.
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A method used in actuarial analysis, which is often used in the insurance industry.
Careful actuarial analysis of past experience supports a reduction in the premium charged for all levels of innocent party coverage.
And after a city actuarial analysis found New Yorkers are living longer than they used to, the city is now planning to spend an additional roughly $ 600 million a year to help fund its pension obligations.
Our ongoing actuarial analysis makes it clear that claims costs of $ 80 million and more (before internal adjusting expense) are now the norm, not the exception.
Insurance companies manipulate reams of statistical information, to use a practice generally referred to as actuarial analysis, essentially looking at groups of statistical information to predict risk and assign premiums.
According to a Consumer Watchdog actuarial analysis, California drivers who are in the low income bracket and who maintain a good driving record should be paying 3.9 percent less on their car coverage premiums through the Low Cost Auto Insurance Program.
The insurer will examine the medical history, lifestyle, and other factors that relate to the individual's medical needs, and, through actuarial analysis, make an estimate of the risk associated with providing coverage.
Every life insurance company uses «actuarial analysis of mortality statistics» to gage the amount of risk they are taking to insure a customer.
As well, our claims expense decreased as a result of careful actuarial analysis.
In the fourth quarter of 2014, we increased ultimate liability estimates on remaining asbestos claims and re-estimated the timing of future payments of such liabilities as a result of actuarial analysis.
If you have confidence in the actuarial analysis of reserves, why delay the filing?
One thing that came out of the SEAC meetings was an actuarial analysis of the health bill.
The reason these figures can seem misleading is the very different bases used for the actuarial analysis between the accounts (carried out on a best estimate basis) and the valuation of the scheme used for cashflow obligations (carried out on a prudent basis).
An actuarial analysis can give a good indication, but it will never be absolutely certain.
Actuarial analysis has been conducted to place a value on these differences, and determine a contribution rate that would be able to reliably deliver the same level of retirement income replacement as the ORPP.»
In recent years, LAWPRO's actuarial analysis of risk - rating results has shown that total premiums attributable to the family law bar meet the expected loss costs.
Also, recall that women live longer than men; as noted by Josh Blackman, based on actuarial analysis, Judge Pryor and Judge Sykes have the exact same life expectancy.
The retirement system commissioned an actuarial analysis showing that the program's cost is $ 575,000.
Every life insurance company uses «actuarial analysis of mortality statistics» to gage the amount of risk they are taking to insure a customer.
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