Actuarial Risk - Personal Finance Glossary - E-PersonalFinance

Actuarial Risk - Personal Finance Glossary - E-PersonalFinance

Actuarial Risk

"Actuarial risk" is the risk that the assumptions employed by an actuary to calculate the cost or price of a specific insurance policy or coverage may prove to be mistaken. Typical assumptions employed by actuaries include frequency of loss, severity of losses and life expectancy.

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Appraised Value

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