Learn the basics of loss loading in reinsurance and how it influences the reinsurance rate. Explore how this essential factor is applied to a pure loss cost.
Dive into the concept of Net Level Premium in life insurance, which represents the pure cost of the policy spread over its term. Learn how it is calculated and its significance.
Discover what the mortality rate in life insurance means, how it's calculated, and its significance. Learn about crude mortality rates and age-specific adjustments in the context of life insurance.
Understand the Commissioner's Standard Industrial Mortality Table, used to determine the nonforfeiture value for industrial life insurance policies. Learn its role and significance in life insurance.
Learn about terminal funding in pensions, where retirement financing is provided by a sum of money set aside by the employer at retirement.
