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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 annuities. The probability of a future ...
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.
In insurance, an actuarial reserve is a reserve set aside for future insurance liabilities. 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 ...
The actuarial present value of the total loss over the remaining life of the policy at time h. The present value of the net cash loss from the policy in the year (h, h+1). The discount factor for one year. The present value of the net cash loss from the policy plus
Typically burning cost is the estimated cost of claims in the forthcoming insurance period, calculated from previous years' experience adjusted for changes in the numbers insured, the nature of cover and medical inflation. Historical (aggregate) data extraction; Adjustments to obtain 'as if' data:
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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