ACTUARIAL PRICING
\ˌakt͡ʃuːˈe͡əɹɪəl pɹˈa͡ɪsɪŋ], \ˌaktʃuːˈeəɹɪəl pɹˈaɪsɪŋ], \ˌa_k_tʃ_uː_ˈeə_ɹ_ɪ__ə_l p_ɹ_ˈaɪ_s_ɪ_ŋ]\
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In INSURANCE, the pricing of RISK based on probabilities of loss occurrence constructed from statistical distributions. Actuarial pricing is used to develop PREMIUMS that are intended to cover losses from underwritten risks and provide future benefits payable to beneficiaries. See also ACTUARIAL EQUIVALENT.
By Henry Campbell Black
Word of the day
Proto Oncogene Proteins c erbB 2
- cell surface protein-tyrosine kinase that is found to be overexpressed in significant number adenocarcinomas. It has extensive homology can heterodimerize EGF EPIDERMAL GROWTH FACTOR), 3 receptor (RECEPTOR, 3) and the 4 receptor. Activation of erbB-2 receptor occurs during heterodimer formation with a ligand-bound erbB family members. EC 2.7.11.-.