What Does Analytic Risk Modeling Method Mean?

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What does Analytic Risk Modeling Method mean? Read on to discover the definition & meaning of the term Analytic Risk Modeling Method - to help you better understand the language used in insurance policies.

Analytic Risk Modeling Method

Analytic Risk Modeling Method

A type of risk model where solutions can be determined "in closed form" by solving a set of equations. These methods usually require a restrictive set of assumptions and mathematically tractable assumed probability distributions. The principal advantage over simulation methods is ease and speed of calculation.

We hope the you have a better understanding of the meaning of Analytic Risk Modeling Method.

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