Demographics

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October 4, 2023 4 min read Definitions

Rate of Natural Increase/Decrease in General Insurance Terms

Demography Statistics Population Dynamics Demographics Population Studies Birth Rate Death Rate Natural Increase

Understanding the rate of natural increase/decrease—calculated as the birth rate minus the death rate—without considering migration. Essential for insights in general insurance trends.

October 3, 2023 5 min read Definitions

Understanding Target Risk in General Insurance

Insurance Risk Management Financial Services Insurance Risk Assessment Demographics Premium Calculation General Insurance

Learn about the concept of 'Target Risk' in general insurance, which encompasses the prospective policyholders divided by race, age, sex, and other demographics. Explore its importance in the insurance industry.