There are several important things for an actuary to consider when setting the premium rates. They make projections of the future costs and they base these projections on historical results‚ probabilistic models‚ and their own judgments. Actuaries must consider different risk pools and make the premiums fair to all. For instance‚ they can consider statistically how likely a driver is to get into a car accident with several speeding tickets versus a driver with none. In order to use the predictability
Premium Insurance Economics Actuarial science
Over 400 quite some time ago‚ Voltaire said‚ “common sense is not so common”. Unfortunately the same could be said today about many organizations that neglect to utilize good old-fashioned horse sense when it comes to reducing worker turnover. The truth is – aside from outside investment constrains such as the unemployment rate or those mass migration from claiming boomers of those particular occupation business sector – two Realities remain: 1. High worker turnover is preventable 2. Organizations
Premium Employment Management Time
the act of transubstantiation by a priest‚ parishioners believe they actually become the blood and body of Christ. When Bishop Barron says‚ “Live in me‚ remain in me‚ eat my body‚ and drink the blood of me” he is speaking for Christ. But even more so than communion‚ Barron believes that the church itself is a sacrament of Jesus. He says that God is a community of love‚ thinking this way‚ it’s no wonder people join the church; they desire to be surrounded by love and understanding. In other words
Premium Religion Christianity Truth
1). Although the 1990’s are often generalized as decade comprised of cheesy TV sitcoms and delicious Dunk-a-roos‚ upon digging deeper into the ethos of the era’s youth we can determine that the 90’s played a crucial role in the development of The United States today. Numerous elements contribute to the progressive mentality of the 1990’s such as cutting-edge technology‚ a vogue and self-conscious youth‚ readily available media‚ and a longing for social justice and equality
Premium NASA Space exploration Moon
Why respect is so important in today’s society and what exactly is respect? Respect is a combination of appreciation‚ admiration as well as recognition of a person being worth something‚ or having earned a position because of their achievements. It could feel at times vague to some people‚ but most people understand and act with respect. In our modern world respect is sometimes confused with fear. For instance‚ Gangs‚ they kill and they fight to earn respect from others but what they actually receive
Premium Respect Virtue Sociology
How successful were Cavour’s first five years of government? Count Camillo Benso di Cavour became Prime Minister of Piedmont in 1852‚ following his appointment as Minister of Trade‚ two years previously. He set out clear aims for his time as Prime Minister of Piedmont and achieved many successful changes in light of the modernisation of the state. He also sustained his own power but fell short of his goals regarding foreign policy. Historians may write that he did not achieve enough in many aspects
Premium Italy Crimean War Constitution
Were the Moon Landings Real? Did the moon landings in 1969 really happen‚ or did the U.S make it all up to win the race between the Soviet Union? The Soviet Union and N.A.S.A were having a race to see who could get a human on the moon first. The president at the time was John F. Kennedy(JFK)‚ JFK promised the U.S that he would make sure the U.S lands on the moon first. Most people are starting to think that the moon landing is faked and there are many reasons why. After reading we’ll see
Premium Apollo 11 Moon Neil Armstrong
Why were the Greeks defeated at Thermopylae? The battle of Thermopylae was the first between the Persians and Greeks during the Persian invasion of 480-479 BC. The Greek force was very small but was determined to make a stand against the huge Persian army. The battle of Thermopylae resulted in a massive loss to the Greeks as the Persian army heavily defeating them. According to Herodotus‚ the Greek army did not have enough troops to maintain the Persians troops so they were heavily outnumbered
Premium Battle of Thermopylae Sparta
Late Adulthood: Death and Dying Late adulthood (old age) is generally considered to begin at about age 65. Erik Erikson‚ a famous psychoanalyst‚ suggests that at this time it is important to find meaning and satisfaction in life rather than to become bitter and disillusioned‚ that is to resolve the conflict of integrity vs. despair. Integrity occurs when the individual can look back on the events of earlier life with pleasure about what has taken place and the people one has helped to develop‚ and
Free Old age Gerontology Death
When you were little‚ did you understand why black people weren’t treated fairly? When I was a young child I couldn’t understand why black people weren’t treated fairly. When I got older and I seen why black people weren’t being treated fairly I didn’t feel good about it. How do you feel about the way black Americans used to be treated? I would always feel bad about how we were treated. I always believed that we should of been treated the same as white‚ like going to the same school‚ or have
Premium Race Black people White American