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ERM Toolbox June 2012 - Understanding the Actuary

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Published on Aug 30, 2012

To many folks, an actuarial study is just a rock. Join us as we turn over that rock to learn about the amazing creepy, crawly, and slithery actuarial concepts that underly UC's actuarial funding rates and liability estimates.

Each year the University's actuary, Bickmore Risk Services (BRS), provides funding rates and liability estimates for UC's property, liability, and workers' compensation programs. BRS also calculates mid-year Early Warning projections to see if claims activity has been better or worse than expected. Some of the actuarial concepts that are key to our projections can be difficult to understand just from reading the reports. In this session Mark Priven will explain the basics needed to understand UC's actuarial reports.

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