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In the US, (under the ERISA rules), any reduction factor less than or equal to the actuarial early retirement reduction factor is acceptable. [11] Many DB plans include early retirement provisions to encourage employees to retire early, before the attainment of normal retirement age (usually age 65).
In the United States, under the Employee Retirement Income Security Act of 1974, any reduction factor less than or equal to the actuarial early retirement reduction factor is acceptable. [14] Many DB plans include early retirement provisions to encourage employees to retire early, before the attainment of normal retirement age (usually age 65).
present value adjustment using actuarial rate, prices index,... base insurance premium correction, underwriting policy evolution, clauses application 'as if' data, calcul of the 'as if' historical reinsurance indemnity, Reinsurance pure premium rate computing, add charges, taxes and reduction of treaty
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.
Actuarial notation is a shorthand method to allow actuaries to record mathematical formulas that deal with interest rates and life tables. Traditional notation uses a halo system , where symbols are placed as superscript or subscript before or after the main letter.
Experience modifiers are normally recalculated for an employer annually by using experience ratings. The rating is a method used by insurers to determine pricing of premiums for different groups or individuals based on the group or individual's history of claims.
Humana estimates the costs of its benefit expense payments, and designs and prices its products accordingly, using actuarial methods and assumptions based upon, among other relevant factors, claim ...
The Bornhuetter–Ferguson method was introduced in the 1972 paper "The Actuary and IBNR", co-authored by Ron Bornhuetter and Ron Ferguson. [4] [5] [7] [8]Like other loss reserving techniques, the Bornhuetter–Ferguson method aims to estimate incurred but not reported insurance claim amounts.