A feasibility study is undertaken to determine whether a contemplated risk financing program is...
actuarial report
The product of an actuary's study of an organization's loss experience using probability theory and other methods of statistical analysis is called an actuarial report.
Additional Information
An actuarial report can be used to determine an insured's projected losses, a self-insured's liability accruals, the adequacy of a property-casualty (P&C) insurer's statutory loss reserves, or a life insurer's unearned premium (technical) reserves. It may be the basis of rate development.
Related Terms
Rate making refers to the process of using underwriting information to calculate a premium for the...
