actuarial reserves

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• Actuarial reserves — An actuarial reserve is a liability equal to the net present value of the future expected cash flows of a contingent event. In the insurance context an actuarial reserve is the present value of the future cash flows of an insurance policy and the …   Wikipedia

• Computation of actuarial reserves — generally refers to the process of calculating the amount which an insurance company must hold in reserve for expected future liabilities, or Actuarial reserves.The calculation process often involves a number of assumptions, particularly in… …   Wikipedia

• Actuarial science — are professionals who are qualified in this field through examinations and experience. Actuarial science includes a number of interrelating subjects, including probability and statistics, finance, and economics. Historically, actuarial science… …   Wikipedia

• Actuarial Adjustment — A revision made to reserves, premiums and other values based on a company s actual loss experience as well as expenses and expected benefits to be paid. In pension arrangements, actuarial adjustments are made to the retirement benefits when an… …   Investment dictionary

• Outstanding claims reserves — in general insurance are a type of technical reserve or accounting provision in the financial statements of an insurer. They seek to quantify the outstanding loss liabilities for insurance claims which have been reported and not yet settled… …   Wikipedia

• Statutory reserve — In the business of insurance, statutory reserves are those liabilities an insurance company is legally required to maintain on its balance sheet with respect to the unmatured obligations (i.e., expected future claims) of the company. Life… …   Wikipedia

• Reserve — (sometimes Reserves) may refer to:* Course reserve, library materials reserved for particular users * Dynamic reserve, the set of metabolites that the organism can use for metabolic purposes * Reserve clause, in North American professional sports …   Wikipedia

• Actuary — Damage from Hurricane Katrina. Actuaries need to estimate long term averages of such damage in order to accurately price property insurance and set appropriate reserves. Occupation Names Actuary …   Wikipedia

• Watson Wyatt Worldwide — Infobox Company name = Watson Wyatt Worldwide, Inc. type = Public (NYSE|WW) genre = foundation = 2005 founder = location city = Arlington, Virginia location country = United States location = locations = 104 offices (2008) area served = key… …   Wikipedia

• Social Security (United States) — This article is about the retirement/disability program. For the general concept of providing welfare, see Social security. For other uses, see Social Security (disambiguation) …   Wikipedia

• Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… …   Universalium