Sentences with phrase «set by actuaries»

Motorbike insurance rates are set by actuaries, whose job is to calculate risk.

This rate is set by actuaries, who determine how much needs to be contributed annually to fund the future pension payments due to retirees.

Not exact matches

When insurers set payment levels for an immediate annuity, by contrast, state regulators require that they set aside reserves to assure they can make scheduled payments even if their actuaries» and investment analysts» projections are off.

Under the Bill, the rate will be set on a «low risk» rather than a «very low risk» basis; it will be reviewed within 90 days of the legislation coming into force and thereafter at least every three years; and an independent expert panel chaired by the government actuary will advise the Lord Chancellor on the setting of the rate.

Since the CLUE data reveals the type of insurance claim, the reason for it, and the amount paid by the insurer, insurance actuaries will be able to mine that data and develop other exposures, such as behaviors, to use for setting insurance rates.

Actuaries keep insurance carriers profitable and financially stable by setting prices, assessing trends, and determining how much to hold in reserve to pay claims.