In this blog Global Market Astro has tried to
explain its blog readers regarding “actuarial analysis”, a common term used in
technical analysis.
The examination or evaluation of stock market risks by a highly educated and certified professional statistician using statistical tools to manage financial uncertainties. Insurance companies, banks, government agencies and corporations use actuarial analysis to plan best insurance policies, retirement plans and pension plans and to examine investment risks.
Actuarial analysis is an important task performed by insurance companies to analyse data and estimate the probability of an insurance claim being filed for a given event.This work allows insurance companies to predict with a sensible degree of accuracy the amount of claims they will pay out, which helps them conclude what premiums they must charge to remain profitable.
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