BNET Business Dictionary
Business Definition for: Actuarial Analysis
- a life expectancy or risk calculation carried out by an actuary
Additional Resources
- Analysis of reforms' impact helps cut excess coverage costs; Reinsurers trim rates too, but not enough.(Risk Manager of the Year)
- Byline: DAVE LENCKUS Medical malpractice liability reforms in Texas and HCA Inc.'s actuarial analysis of the reforms' potential impact on claim costs has helped the company trim its excess insurance costs by millions of dollars. But reinsurers Byline: DAVE...
- Research articles 2005-04-18
- PM Squared Merges With Reden & Anders Ltd.; Merger Creates Powerful Firm to Serve the Actuarial, Clinical, and Data Analysis Consulting Needs of the Health Care Industry
- MINNEAPOLIS--BW HealthWire--Aug. 3, 1998--Reden & Anders Ltd., an actuarial and clinical consulting firm, completed its acquisition of PM Squared Corp.PM Squared on July 31, 1998.PM Squared, headquartered in San Francisco, is a leading provider of actuarial-based analysis and risk assessment services for the health care industry. PM Squared's unique risk...
- Research articles 1998-08-03
- Modeling Financial Scenarios: A Framework for the Actuarial Profession
- This paper summarizes the research project on Modeling of Economic Series Coordinated with Interest Rate Scenarios initiated by the joint request for proposals by the Casualty Actuarial Society and the Society of Actuaries. The paper is intended to serve as a practical guide to understanding the financial scenario model in...
- White papers 2005-08-11
- Reden & Anders Awarded Contract From Buyers Health Care Action Group to Provide Risk Adjusted Utilization and Financial Analysis
- MINNEAPOLIS--BW HealthWire--Oct. 26, 1998--Reden & Anders, Ltd., an actuarial, clinical consulting and risk adjustment firm, announced today that it has been awarded a five-year contract from the Buyers Health Care Action Group BHCAG to provide financial utilization reporting and analysis for the Choice Plus Program. Effective January 1, 2000...
- Research articles 1998-10-26
- Actuarial group to launch medical savings acct. study. (American Academy of Actuaries)
- The American Academy of Actuaries plans to conduct an in-depth study of Medical Savings Accounts MSA due to criticism from the technical committee of the Council for Affordable Health Insurance in regards to a previous MSA analysis. The academy plans to expand its MSA work group from three to seven...
- Research articles 1994-11-07
- ERM for Insurers - From Compliance to Value
- Now there is a growing demand from shareholders and others for senior management to take enterprise risk management ERM more seriously. This means formalizing the essential connection between a company's business operations and its overall risk management program. Strategic ERM requires a unifying framework that articulates risks consistently across an...
- White papers 2005-06-17
- Examining Long-Term Solutions to Reform and Strengthen the Defined Benefit Pension System
- This paper covers fundamental principles for the reform of single-employer plans. The American Academy of Actuaries is the public policy organization for actuaries practicing in all specialties within the United States. A major purpose of the Academy is to act as the public information organization for the profession. The Academy...
- White papers 2004-04-29
- CMS BondEdge and Milliman, Inc Announce Product Integration to Deliver Seamless Cash Flow Testing and Stochastic Analysis
- LOS ANGELES -- CMS BondEdge, a division of Interactive Data Corporation (NYSE: IDC) and a leading provider of fixed income portfolio analytics, today announced an agreement to fully integrate the CMS BondEdge structured finance cash flow library with MG-ALFA R, an actuarial asset/liability management system developed by Milliman, Inc. Mutual...
- Research articles 2005-11-03
- Liberty Mutual Group Announces Results of External Asbestos Review
- BOSTON -- Liberty Mutual Group (the "Company") today announced the results of its external asbestos review, which was completed during the fourth quarter of 2005 by one of the two most renowned actuarial consulting firms. The external actuarial firm had complete access to the Company's legal, claims, and actuarial staff...
- Research articles 2006-01-12
- Don't forget actuaries
- Dear Editor: To the list of "Risk Certifications: A to Z" included in your October 1, 2007, issue (Page 47), you can add two long-standing certifications held by almost 5,000 risk professionals: Associate of the Casualty Actuarial Society ACAS and Fellow of the Casualty Actuarial Society FCAS. The...
- Research articles 2008-03-01
- Direct Marketing of Insurance Integration of Marketing, Pricing and Underwriting
- As insurers move to direct distribution and database marketing, new approaches to the business, integrating the marketing, underwriting and pricing activity will be increasingly important. Many insurers today are adopting increasingly sophisticated approaches to direct marketing, especially for automobile insurance. Large, sophisticated customer databases and sophisticated analytic approaches are used...
- White papers 2003-01-01
- Ernst & Young Insurance Industry Outlook Identifies Trickle Down Impact of New Legislation and Regulatory Requirements; Companies Must Move Beyond Pure Compliance
- NEW YORK -- The Insurance and Actuarial Advisory Services IAAS practice of Ernst & Young LLP today released its quarterly outlook identifying the need to take risk management beyond legislative and regulatory compliance to the next level. As a result, insurers should consider conducting a "Bottom Up Risk Analysis" as...
- Research articles 2005-10-17
- Calendar.
- Enterprise Risk Management Symposium Sponsor: Casualty Actuarial Society When: May 2-3 Where: Sheraton Chicago Hotel www.casact.org Life Insurance: Operational Financial Analysis Sponsor: Intermediaries & Reinsurance Underwriters Association ...
- Research articles 2005-05-01
- John Murad Joins PartnerRe U.S. as Executive Vice President & Chief Actuary
- Business Editors NEW YORK--BUSINESS WIRE--Jan. 18, 2000 PartnerRe U.S., a subsidiary of PartnerRe Ltd. (NYSE: PRE), today announced a new appointment. Mr. John Murad has joined PartnerRe U.S as Executive Vice President and Chief Actuarial Officer. Mr. Murad brings more than 27 years of actuarial, risk analysis...
- Research articles 2000-01-18
- The Senate Bill: Getting Into The Details
- My first post presented a broad overview of the Senate bill, HR 3590 and a more detailed analysis of the bill's provisions that go into effect prior to the 2014 general effective date. This post will examine in detail four additional issues that arise under the bill's insurance reforms. There...
- News items 2009-11-20
- The AHIP Report: Beneath Questionable Numbers Is A Serious Concern
- On October 12 America's Health Insurance Plans AHIP released a commissioned report by Price Waterhouse Cooper PWC, "Potential Impact of Health Reform on the Cost of Private Health Insurance Coverage." The study reported that health care reform as envisioned by the Senate Finance Committee would raise the cost of private...
- News items 2009-10-29
- Shareholder-Optimal Design of Cash Balance Pension Plans
- " This paper extends this analysis into the cash balance plan arena, concluding that additional shareholder gains arise when plan liabilities mimic equities. A numerical example demonstrates that the present value of riskless gains to shareholders can exceed the entire after-tax value of plan assets. Lack of transparency in...
- White papers 2001-03-08
- Biotech Injectable Medications: Tools for Benefit Design and Coverage
- A review was conducted by Aon Consulting's Life Sciences Consulting Practice, to thoroughly understand the issues associated with biotech injectable medications, and to determine the best approach for further analysis, an extensive literature. The review, outlined in this white paper below, confirmed the need for sophisticated actuarial modeling tools that...
- White papers 2004-01-01
- The Cost of Financing Insurance
- This paper uses Dynamic Financial Analysis DFA, to attack one of the longest-running problems in actuarial science that of determining the appropriate profit loading for a line of insurance. For an insurance company, the cost of financing insurance is its dollar cost of capital plus the net cost of its...
- White papers 2002-07-24
- The Value of Social Security Disability Insurance
- This paper goes beyond the analysis of Geanakoplos, Mitchell, and Zeldes by developing a methodology for estimating the insurance value of social security Disability Insurance SSDI, where the insurance value is defined as what an individual is willing to pay for it. In the paper, the insurance value of the...
- White papers 2001-06-01
