Ads
related to: example of actuarial work- Expert Resume Writers
Get your resume and cover letter
written by our certified pros.
- Career Advice
Access all articles & insider tips
for help in your job search.
- Certified Career Advisors
Get personalized career guidance
from a real person.
- Job Search
Quickly find your dream job.
Search by title, location & more.
- Expert Resume Writers
Search results
Results from the WOW.Com Content Network
Actuaries also design and maintain products and systems. They are involved in financial reporting of companies' assets and liabilities. They must communicate complex concepts to clients who may not share their language or depth of knowledge. Actuaries work under a code of ethics that covers their communications and work products. [27]
Another example is the use of actuarial models to assess the risk of sex offense recidivism. Actuarial models and associated tables, such as the MnSOST-R, Static-99, and SORAG, have been used since the late 1990s to determine the likelihood that a sex offender will re-offend and thus whether he or she should be institutionalized or set free. [9]
Actuarial science – discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. What type of thing is ...
The actuarial control cycle is a specific business activity which involves the application of actuarial science to real world business problems. The actuarial control cycle requires a professional within that field (i.e., an actuary ) to specify a problem, develop a solution, monitor the consequences thereof, and repeat the process. [ 1 ]
Liabilities are the actuarial present value of future plan cash flows, discounted at current interest rates. Thus, asset/liability management strategies often include bonds and swaps or other derivatives to accomplish some degree of interest rate hedging (immunization, cash flow matching, duration matching, etc.).
De Moivre's law first appeared in his 1725 Annuities upon Lives, the earliest known example of an actuarial textbook. [6] Despite the name now given to it, de Moivre himself did not consider his law (he called it a "hypothesis") to be a true description of the pattern of human mortality.
As an example, consider a whole life insurance policy of one dollar issued on (x) with yearly premiums paid at the start of the year and death benefit paid at the end of the year. In actuarial notation, a benefit reserve is denoted as V. Our objective is to find the value of the net level premium reserve at time t.
A sample path of compound Poisson risk process. The theoretical foundation of ruin theory, known as the Cramér–Lundberg model (or classical compound-Poisson risk model, classical risk process [2] or Poisson risk process) was introduced in 1903 by the Swedish actuary Filip Lundberg. [3] Lundberg's work was republished in the 1930s by Harald ...
Ads
related to: example of actuarial work