BNET Business Dictionary
Business Definition for: Actuarial Science
- the branch of statistics used in calculating risk and life expectancy for the administration of pension funds and life insurance policies
Additional Resources
- Encyclopedia of Actuarial Science Asset Management
- Asset management is integral to the actuarial management of any financial security system, although the earliest practical developments took place in life insurance. In more recent years there has been an increased integration of modern financial theories into actuarial science & the adoption of actuarial techniques in areas of asset...
- White papers 2003-03-24
- Columbia University to Launch Two Graduate Programs in Fall 2006; Programs in Actuarial Science and Information and Archive Management Join Four Applied Master's Programs at School of Continuing Education
- NEW YORK -- In fall 2006, Columbia University's School of Continuing Education will launch a Master of Science in Actuarial Science and a Master of Science in Information and Archive Management. Like the school's four current graduate programs, these applied master's programs train students in the practical, real-world demands of...
- Research articles 2006-02-14
- College Of Insurance, St. John's University Sign Merger Agreement.(Brief Article)
- The College of Insurance has signed a merger agreement with St. John's University. TCI will become a school of St. John's Peter J. Tobin College of Business and be renamed The School of Risk Management, Insurance and Actuarial Science. Ellen Th...
- Research articles 2000-11-27
- The Art and Science of Sales
- Howard Stevens, founder and CEO of HR Chally, says that sales is being looked at more and more as a science instead of an art—and most C-level executives wish it were even more so. Stevens explains the difference between actuarial and academic science, and how both can be applied to...
- Videos 2009-05-20
- The Retrospective Life Insurance Method: A Pedagogic Spreadsheet Application
- This paper describes an innovative Excel spreadsheet model, referred to as the Retrospective Method Pedagogic Spreadsheet Application, that has been successfully used in risk management and insurance and personal finance courses to demonstrate the retrospective life insurance method. The model can also be use in principles of finance course to...
- White papers 2002-05-28
- 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
- Managing Catastrophic Risk With Insurance Contracts Subject to Default Risk
- This paper develops a theoretical model of optimal contracting for financing large, infrequent events, where the payoffs are subject to both default risk and basis risk. Full insurance above a deductible is optimal when both parties have same the perception of the seller's default risk. When this perception differs, the...
- White papers 2000-02-01
- Deloitte & Touche Gift Establishes Professorship at Actuarial Science and Risk Management Center at the University of Connecticut
- Business Editors
- Research articles 2001-11-08
- Rbms Llc
- Jacqueline G. Miller was named director of marketing at RBMS LLC. Miller will be responsible for all companywide marketing efforts for new business development and retention of current clients. She is a graduate of the University of Illinois, Urbana, with a bachelor's degree in actuarial science. Previously she was an...
- Research articles 2002-09-01
- SBLI USA Mutual Life Insurance Company, Inc. Appoints Ellen Thrower to Board of Directors
- NEW YORK -- Leading Insurance Educator and Risk Management Professional from St. John's University to Help Lead Company's National Expansion SBLI USA Mutual Life Insurance Company, Inc. today announced the appointment of Dr. Ellen Thrower, executive director of St. John's University's School of Risk Management, Insurance and Actuarial Science...
- Research articles 2004-07-01
- Endurance Specialty Holdings Ltd. Appoints Therese Vaughan to Its Board of Directors
- PEMBROKE, Bermuda -- Endurance Specialty Holdings Ltd., (NYSE:ENH) a Bermuda-based provider of property and casualty insurance and reinsurance, today announced the appointment of Therese Vaughan to its Board of Directors. Dr. Vaughan became the Robb B. Kelley Distinguished Professor of Insurance and Actuarial Science at Drake University in Des...
- Research articles 2005-08-03
- St. John's names Byrne 2001 Insurance Leader. (Other Services).
- John J. Byrne, chairman of White Mountains Insurance Group, was named 2001 Insurance Leader of the Year at the Seventh Annual Insurance Leader of the Year Award Dinner, sponsored by St. John's University's School of Risk Management, Insurance, and Actuarial Science.
- Research articles 2002-04-01
- Sinnott honored.(People Briefs)(Brief Article)
- The School of Risk Management, Insurance, and Actuarial Science of The Peter J. Tobin College of Business at St. John's University will honor John T. Jack Sinnott, retired chair and chief executive office of Marsh Inc. as the "2003 Insurance Leader of the Year." ...
- Research articles 2003-10-20
- Willis CEO deserving of industry accolades.(Commentary)(Willis Group Holdings Ltd.; Joe Plumeri)
- Byline: Regis Coccia Hats off to Joe Plumeri. As the 2007 Insurance Leader of the Year, named by the St. John's University School of Risk Management, Insurance and Actuarial Science, the chairman and chief executive officer of Willis Group Holdings Ltd....
- Research articles 2007-01-22
- Ace Ltd. and XL Capital Ltd
- Ace Ltd. and XL Capital Ltd. have jointly pledged $3 million to establish the Robert Clements Chair in Risk Management at the School of Risk Management, Insurance, and Actuarial Science of St. John's University.
- Research articles 2002-04-15
