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Actuarial Risk

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Actuarial Risk
The possibility that an actuary's assessment of a potential policyholder's risk may turn out to be incorrect. For example, if an actuary is using statistical models and determines a policyholder is likely to live for another 30 years, there is an actuarial risk that the policyholder will die tomorrow. This would result in a large loss for the insurance company. Actuaries work to improve their statistical models to minimize actuarial risk. See also: Actuarial analysis.


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The CORE-financed study, The Estimated Economic Cost of Traumatic Brain Injuries in the State of Texas, was conducted by Austin-based Actuarial Risk Management Ltd.
Noting that criminology usually focuses on male offenders, she presents findings from a mixed method study of offenders of both sexes and the use of actuarial risk and need assessment instruments in the correctional system.
In a study of 335 women with breast cancer, the actuarial risk of local disease recurrence at 10 years was 5% for women with the lowest breast density, 13% for those with intermediate breast density, and 21% for women with the highest breast density, said Dr.
 
 
 
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