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Actuarial Report

Actuarial Report

Definition

The product of an actuary's study of an organization's loss experience using probability theory and other methods of statistical analysis. 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. May be the basis of rate development.

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