A feasibility study is undertaken to determine whether a contemplated risk financing program is...
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.
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.
A feasibility study is undertaken to determine whether a contemplated risk financing program is...
Rate making refers to the process of using underwriting information to calculate a premium for the...