Talk:Actuarial reserves

Stuff to be added
Okay, Here's some stuff to enrich the article, althought it's alot and may never be done. I'll try to add it myself when i get the time but if anyone else wants to please do.


 * Commisoners reserve valuation method (segmented and unitary reserves)
 * Full preliminary term reserves.
 * Statuatory Reserves
 * Tax reserves
 * CGAAP/USGAAP reserves
 * Provisions for adverse deviation
 * Premium policy method reserves
 * Interpolation of reserves
 * Recursion equations for reserves
 * Net level premium reserves - check. Except i should add way more.

I'm slowly editing this page. I'll relate the Loss random variable to the reserves when i get a chance.


 * Looks good! [[Image:Thumbs up.jpg|50px]] -- Avi 23:10, 5 October 2006 (UTC)

Please simplify this
This is a really intractable article, written in an unnecessarily esoteric format. At its most basic form, a reserve is PV(Future Claims) - PV(Future Premiums). PV(Future Premiums) is in some cases adjusted such that PV(Future Claims)=PV(Future Premiums) at the inception of the liability, yielding no reserve at issue. In cases where no future premium is anticipated, the formula is simplified to PV(Future Claims).

I think complex issues eg. Reg XXX and the difference between stat and tax are too esoteric (and US centric) for an encyclopedic article, rather, this article should be modified to be more accessible. — Preceding unsigned comment added by 68.5.65.126 (talk) 02:01, 28 October 2014 (UTC)

Plural
Why is it actuarial reserves. Wouldnt it be more appropriate to have the article singular. 00:45, 2 October 2006 (UTC)
 * For any one policy, perhaps, but 99.9926352752% of the time, actuaries will be dealing with aggregated reserves for a block of policies. One of the fundemental tenets of insurance per se is that while any one event may be random and unpredictable, a significant accumulation of those possible events can be estimated stochastically or probabalistically. Any one car accident is unpredictable; out of 250,000 drivers, the number of accidents (disregarding who has them) is much more predicatble. I think that is why the term is most often used in the plural. -- Avi 13:49, 4 October 2006 (UTC)

Currency
Suggest change 'dollar' to something a bit more globally generic. -- dvc214 14:50, 20 October 2006 (UTC)
 * The dollar is the most widely used, and recognized, currency in the world. How much more generic can you get? -- Avi 15:26, 20 October 2006 (UTC)