AGGREGATE MORTALITY TABLE
The death rate data of everyone who purchased life insurance, without categorization it will be based on the time or age of purchase. The combined statistics of mortality tables are included in the calculation.
For the purpose of pricing insurance and ensuring the solvency of the insurance companies by means of adequate reserves, actuaries are required to develop projections on future insured events ( such as sickness, disability, death, etc.) In order to do such, actuaries create mathematical models of the timing of the event and the amount.
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Assumption Clause
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Odd Date
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Mismatch
Generally speaking, it is an incorrect or unsuitably match. In banking, it pertains to a situation in managing assets and liabilities. It happens w ...
Organic Reserve Replacement
It is the measure of reserves of a company by their own exploration and production, not by their purchase of reserves. When an oil company has a hi ...
Community Reinvestment Act - CRA
Act encouraging depository institutions to help meet credit needs of the community, specifically low and moderate income neighborhoods. Enacted in ...
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Retirement Planning: Allocating Money for Retirement
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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07:00 | Leading Indicators | Jan | |
10:00 | Ifo Business Climate Index | Mar | |
10:00 | Ifo Current Assessment | Mar | |
10:00 | IFO - Expectations | Mar | |
10:00 | M3 Money Supply | Feb | |
10:00 | Private Sector Credit | Feb | |
12:00 | CBI retail sales volume balance | Mar | |
01:01 | BRC Shop Price Index | Mar | |
02:30 | Retail Sales | Feb |