Sentences with phrase «used by the actuary»

Not exact matches

The Society of Actuaries cuts content review time by 50 %, and development by 25 % creating and managing more than 400 pre-qualification and continuing education courses and over 10,000 pages of content using dominKnow's web - based content authoring and publishing platform.

When the Society of Actuaries updated their mortality assumptions, commonly used by pension plans to estimate future payments, they anticipated that pensions could expect up to a 7 or 8 percent increase in liabilities.

What they were actually doing was using tables calculated by actuaries that assigned depreciation based on the age of the property alone.

Actuary: An individual employed by an insurance company to calculate premium rates, reserves, dividends and other important figures using risk factors obtained from experience tables.

The cost of insurance is determined using mortality tables calculated by actuaries.

Insurance actuaries calculate the probability of catastrophic loss on a state - by - state basis, using a formula based on the total number of catastrophes in each state over a 40 - year period.

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.

An actuary is unlikely to be used by cohabiting couples who separate because — unlike divorce or dissolution — one partner doesn't have to share their pension with the other.