Actuary

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Actuary business professional who analyzes probabilities of risk and risk management including calculation of premiums, dividends and other applicable insurance industry standards. What is Actuary , What does mean Actuary , Insurance Guide, Insurance Glossary

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Related Actuary Articles

  • Product Liability Insurance Glossary
    Product Liability insurance coverage protecting the manufacturer, distributor, seller, or lessor of a product against legal liability resulting from a defective... more
  • Demutualization Insurance Glossary
    Demutualization conversion of a mutual insurance company to a capital stock company. What is Demutualization , What does mean Demutualization , Insurance Guid... more
  • Hold-Harmless Agreement Insurance Glossary
    Hold Harmless Agreement A risk transfer mechanism whereby one party assumes the liability of another party by contract What is Hold-Harmless Agreement, What do... more
  • Contingent Liability Insurance Glossary
    Contingent Liability the liability of an insured to persons who have incurred bodily injury or property damage from work done by an independent contractor hired... more
  • Direct Written Premium Insurance Glossary
    Direct Written Premium total premiums received by an insurance company without any adjustments for the ceding of any portion of these premiums to the Reinsurer.... more
  • Authorized Control Level Risk Based Capital Insurance Glossary
    Authorized Control Level Risk Based Capital theoretical amount of capital plus surplus an insurance company should maintain. What is Authorized Control Level... more
  • Other Considerations Insurance Glossary
    Other Considerations Unallocated annuity considerations and other unallocated deposits that incorporate any mortality or morbidity risk and are not reported as... more
  • Ceded Premium Insurance Glossary
    Ceded Premium amount of premium (fees) used to purchase reinsurance. What is Ceded Premium , What does mean Ceded Premium , Insurance Guide, Insurance Glossar...
  • Variable Universal Life Insurance Glossary
    Variable Universal Life combines the flexible premium features of universal life with the component of variable life in which excess credited to the cash value... more
  • Property Insurance Glossary
    Property coverage protecting the insured against loss or damage to real or personal property from a variety of perils, including but not limited to fire, lighte... more
  • Corrective Order Insurance Glossary
    Corrective Order commissioner's directive of action to be completed by an insurer. What is Corrective Order , What does mean Corrective Order , Insurance Guid... more
  • Term period Insurance Glossary
    Term period of time for which policy is in effect. What is Term period, What does mean Term period, Insurance Guide, Insurance Glossary
  • Morbidity Insurance Glossary
    Morbidity the frequency or severity of disease or illness within a subset of the population. What is Morbidity , What does mean Morbidity , Insurance Guide, I... more
  • Fire Insurance Glossary
    Fire coverage protecting the insured against the loss to real or personal property from damage caused by the peril of fire or lightning, including business inte... more
  • Moral Hazard Insurance Glossary
    Moral Hazard personality characteristics that increase probability of losses. For example not taking proper care to protect insured property because the insured... more
  • Business owners Policy Insurance Glossary
    Business owners Policy business insurance typically for property, liability and business interruption coverage. What is Business owners Policy , What does mea... more
  • Book Value Insurance Glossary
    Book Value original cost, including capitalized acquisition costs and accumulated depreciation, unamortized premium and discount, deferred origination and commi... more
  • Comprehensive Personal Liability Insurance Glossary
    Comprehensive Personal Liability comprehensive liability coverage for exposures arising out of the residence premises and activities of individuals and family m... more
  • Retention Insurance Glossary
    Retention a mechanism of internal fund allocation for loss exposure used in place of or as a supplement to risk transfer to an insurance company. What is Rete... more
  • Retention Limit Insurance Glossary
    Retention Limit maximum amount of medical and hospital expense an insurer will carry on its own. The limit can be for an individual claim and/or for the insurer... more
  • Statement Type Insurance Glossary
    Statement Type refers to the primary business type under which the company files its annual and quarterly statement, such as Life, Property, Health, Fraternal,... more