Actuary: related pages

Assurance
Insurance against an inevitable event such as death.
FRC (Financial Reporting Council)
The regulator of financial reporting in the UK.
Underwriter
Someone who takes a financial risk (relieving another party of it) in return for a fee.
Adverse selection
The tendency for those most at risk to be those most likely to buy insurance.
Uberrimae fides
The duty of a person buying insurance to to disclose all relevant information.
Moral hazard
Refers to the likelihood of a person or organisation willing to take on more risk as they are covered by insurance.
Copyright Graeme Pietersz © 2005-2019