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The chain-ladder or development [1] method is a prominent [2] [3] actuarial loss reserving technique. The chain-ladder method is used in both the property and casualty [1] [4] and health insurance [5] fields. Its intent is to estimate incurred but not reported claims and project ultimate loss amounts. [5]
Under some other settings, TVaR is the conditional expectation of loss above a given value, whereas the expected shortfall is the product of this value with the probability of it occurring. [3] The former definition may not be a coherent risk measure in general, however it is coherent if the underlying distribution is continuous. [4]
"Estimated Impact on the Federal Deficit and Insurance Premiums from Creating a New Health Plan Tier with an Actuarial Value Level of 50 Percent" (PDF). Archived from the original (PDF) on 2014-09-08. (Report to the Council for Affordable Health Coverage) Mendelson, Dan (June 27, 2011). "Establishing Sensible Cost Sharing for Medicare Cancer ...
2003 US mortality table, table 1, page 1Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions.
It is generally equal to the actuarial present value of the future cash flows of a contingent event. In the insurance context an actuarial reserve is the present value of the future cash flows of an insurance policy and the total liability of the insurer is the sum of the actuarial reserves for every individual policy.
Atlanta Hawks' Dyson Daniels (5) defends as Milwaukee Bucks' Giannis Antetokounmpo shoots during a semifinal game in the NBA Cup basketball tournament Saturday, Dec. 14, 2024, in Las Vegas.
This is useful when a policy or fund provides a guarantee, e.g. a minimum investment return of 5% per annum. A deterministic simulation, with varying scenarios for future investment return, does not provide a good way of estimating the cost of providing this guarantee.
One of the women told police that Bodden had told her over text message on Jan. 1 that her boyfriend, Nichols, had been threatening her with a weapon that afternoon, per the court documents.