Intro to Actuarial Science

Price Risk

Credit Risk

Pure Risk

Loss Control

Loss Financing

Retention

Internal Risk Reduction

Cost of Risk

Residual Uncertainty

Risk Averse

Book Value / Market Value

Business Income Exposures

Loss Distribution

Expected Loss

Standard Deviation

Sample Mean

Sample standard deviation

Skewness

Maximum Probable Loss

Value-at-risk

Correlation

Frequency

Severity

Balance Sheet

Income Statement

3 Major Components of Balance Sheet

3 Major Components of Income Statement

Unearned Premium Reserves

Loss Reserves