What does Actuarial Report mean? Read on to discover the definition & meaning of the term Actuarial Report - to help you better understand the language used in insurance policies.
The product of an actuary's study of an organization's loss experience using probability theory and other methods of statistical analysis. Can be used to determine an insured's projected losses, a self-insured's liability accruals, the adequacy of a property-casualty (P&C) insurer's statutory loss reserves, or a life insurer's unearned premium (technical) reserves. May be the basis of rate development.
We hope the you have a better understanding of the meaning of Actuarial Report.