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actuary

An actuary is an individual, often holding a professional designation—for example, Fellow of the Casualty Actuarial Society (FCAS)—who computes statistics relating to insurance, typically estimating loss reserves and developing premium rates.

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An actuary is an individual, often holding a professional designation—for example, Fellow of the...

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A loss reserve is an estimate of the value of a claim or group of claims not yet paid.

Risk quantification refers to the forecasting of loss frequency and severity to make risk financing...