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.
POPULAR TERMS
Exercise Price
Price at which the contract can be exercised, either to purchase (call option) or sell (put option). It is set at the time the option contract is c ...
Doctor Copper
Market jargon for the base metal that is said to have a Ph.D. in economics because of his capacity for predicting turning points in the global econ ...
Special Revenue Fund
Special revenue fund is a government account where the collected money is utilized for the carrying out of a specified project. The special revenue ...
Bandwidth
The transfer capacity of data by a network which is measured through the number of bits per second.
Bear Fund
Mutual fund designed to generate higher profits when the market declines. The fund, normally comprised of funds and mutual funds, employs short-sel ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 08:00 | PPI | May | |
| 12:00 | Bundesbank Monthly Report | ||
| 18:45 | FOMC Member James Bullard Speaks | ||
| 23:00 | Westpac Consumer Confidence | 2 quarter | |
| 02:00 | RBA Governor Philip Lowe Speaks | ||
| 03:30 | Monetary Policy Meeting Minutes | ||
| 08:00 | Trade Balance | May | |
| 10:00 | Current Account (sa) | Apr | |
| 12:00 | CBI industrial order books balance | Jun |
