Actuarial Service

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Dictionary Says

Definition of 'Actuarial Service'

Method by which corporations determine, assess and plan for the financial impact of risk. Actuaries use mathematical and statistical models to evaluate risk in the insurance and finance industries. In addition to mathematical and statistical methods, actuaries call upon other fields including probability, finance, economics and computer programming to create actuarial models. Actuarial science is used to evaluate and predict future payouts for insurance and other financial industries such as the pension industry.
Investopedia Says

Investopedia explains 'Actuarial Service'

Actuarial services include the analysis of rates of disability, morbidity, mortality, retirement, survivorship and other contingencies. By using mathematical and statistical modeling, actuaries are able to provide estimates regarding particular events, such as the life span of a life insurance applicant, or the likelihood of a catastrophic, weather-related event for a property and casualty insurance firm. Actuarial services forecast risk and uncertainty and help firms plan for future probabilities and possibilities. 
Search results for

'Actuarial Service'

  • The Defined-Benefit Plan's Many Problems

    http://www.investopedia.com/articles/retirement/10/demise-defined-benefit-plan.asp
    ... service. If actuarial guidelines required the inclusion of potential future
    service, the estimated PBO would increase dramatically. ...

  • Financial Statements: Pension Plans | Investopedia

    http://www.investopedia.com/university/financialstatements/financialstatements9.asp
    ... as an actuarial loss. We see that PepsiCo's liability at the end of the year 2003
    was $5,214. That is the PBO. We also see a lesser amount "for service to date ...

  • 401(k) And Qualified Plans: Types Of Plans | Investopedia

    http://www.investopedia.com/university/retirementplans/qualifiedplan/qualifiedplan1.asp
    ... last five years of employment for every year of service with the ... The employer will
    make contributions that, based on actuarial assumptions including projected ...

  • Investing In Health Insurance Companies

    http://www.investopedia.com/articles/stocks/09/investing-in-health-insurance.asp
    ... The full-service products provide the opportunity for health insurers to demonstrate
    their skill level in underwriting and actuarial techniques to provide high ...

  • How To Evaluate Pension Risk By Analyzing Annual Costs

    http://www.investopedia.com/articles/analyst/03/081303.asp
    ... Focusing on the per share impact of annual service and interest costs provides a
    clear view of annual costs that is unclouded by the actuarial assumptions and ...

  • A Primer On Defined-Benefit Pension Plans

    http://www.investopedia.com/articles/retirement/11/defined-benefit-pension-plans-primer.asp
    ... cases the benefits earned by employees through years of service or salary ... 5. Actuarial
    Adjustments: These are changes made to the underlying assumptions of the ...

  • CFA Level 1 Study Guide - Liabilities - Post-Retirement ...

    http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/post-retirement-obligations.asp
    Sign In• Register• Free Annual Reports • Free Newsletters. Dictionary;
    Investing; Markets; Personal Finance; Active Trading; Forex; ...

  • Identifying And Managing Business Risks

    http://www.investopedia.com/articles/financial-theory/09/risk-management-business.asp
    ... Actuarial tables – statistical analysis of the probability of any risk occurring,
    and the ... as an obvious example, is not necessary in a service business. ...

  • Extended Warranties: Should You Take The Bait?

    http://www.investopedia.com/articles/pf/07/warranties.asp
    ... manufacturer, or by the retailer, which contracts this service out to ... price of repairs,
    it has actually been carefully considered through actuarial analysis by ...

  • Combining Your Plan Assets? Not So Fast!

    http://www.investopedia.com/articles/retirement/03/051403.asp
    ... The current actuarial value of any annuity contract included in the lump sum. ... A
    lump-sum credit or payment from the Federal Civil Service Retirement System (or ...

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