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  2. Actuarial reserves - Wikipedia

    en.wikipedia.org/wiki/Actuarial_reserves

    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. Regulated insurers are required to keep offsetting assets to pay off this future liability.

  3. Actuarial present value - Wikipedia

    en.wikipedia.org/wiki/Actuarial_present_value

    The actuarial present value (APV) is the expected value of the present value of a contingent cash flow stream (i.e. a series of payments which may or may not be made). ). Actuarial present values are typically calculated for the benefit-payment or series of payments associated with life insurance and life

  4. Actuarial notation - Wikipedia

    en.wikipedia.org/wiki/Actuarial_notation

    A life table generally shows the number of people alive at integral ages. If we need information regarding a fraction of a year, we must make assumptions with respect to the table, if not already implied by a mathematical formula underlying the table. A common assumption is that of a Uniform Distribution of Deaths (UDD) at each year of age.

  5. Actuarial science - Wikipedia

    en.wikipedia.org/wiki/Actuarial_science

    In traditional life insurance, actuarial science focuses on the analysis of mortality, the production of life tables, and the application of compound interest to produce life insurance, annuities and endowment policies. Contemporary life insurance programs have been extended to include credit and mortgage insurance, key person insurance for ...

  6. Mathematical economics - Wikipedia

    en.wikipedia.org/wiki/Mathematical_economics

    Mathematical economics is the application of mathematical methods to represent theories and analyze problems in economics.Often, these applied methods are beyond simple geometry, and may include differential and integral calculus, difference and differential equations, matrix algebra, mathematical programming, or other computational methods.

  7. Math Expert Recommends These 3 Ways to Get Cheaper Car Insurance

    www.aol.com/math-expert-recommends-3-ways...

    Getting a personal umbrella insurance policy can be a great financial move, because it protects drivers and their families from some of life's worst-case scenarios, like being held liable for a ...

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  9. Zillmerisation - Wikipedia

    en.wikipedia.org/wiki/Zillmerisation

    Zillmerisation relates to the valuation of a life insurance company by an actuary.. When new regular premium protection business (such as life or critical illness insurance) is written, the value of the company may reduce (when viewed on a regulatory basis) even if the business is likely to be profitable.

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