An actuarial report assesses the current and future condition of a fund, such as a pension or insurance group, and is prepared by an actuary. It can provide suggestions on how to address problems and offer warning signs about economic problems. The report must be accurate and complete and is signed by the actuary. An […]
Actuarial consultants analyze a company’s financial condition to increase profits, using a cyclical methodology to identify problems, apply solutions, observe results, and start over if necessary. They focus on insurance, pension plans, investments, and risk management. Educational requirements vary, but most require a bachelor’s degree and certification. An actuarial consultant helps companies and government agencies […]
Actuaries need good software to simplify their calculations. The best actuary software should meet the needs of actuaries, employers, and clients, and be able to create different types of insurance policies, share information, and include web connectivity. Customizable software allows actuaries to formulate models specific to company practices, and risk analysis creates scenarios based on […]
Actuarial tables provide statistical information about life expectancy in a given population, separated by risk factors. They are used by policy makers, social scientists, and insurance companies. However, they represent statistical probability only and may not apply to every individual. Actuarial tables are statistical graphs that provide information about life expectancy in a given population, […]
The Casualty Actuarial Society is a professional association of non-life actuaries founded in 1914 to study the effects of workers’ compensation on insurance. Its primary goal is to educate members and the public about actuarial analysis of property and liability risk. Membership is exclusive and requires passing a series of rigorous exams. The society has […]
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