1. The risks covered by life insurance are people's death and survival. In the long-term insurance business practice, based on the law of large numbers, people have found the law of life movement by counting the life data of tens of millions of insured people, which makes the risk of life insurance predictable. Insurance companies can use mathematical methods to make a life table, providing the probability of death and survival as life insurance. Calculation basis of pure insurance premium.
2. Life insurance is calculated by using the balanced premium system. The insurance premium that a person should pay and the insurance premium that he should get in a certain period of time become more complicated. It is necessary to share the total amount of insurance premiums that the insured should bear in several years through actuarial calculation, and share them equally in each year under the condition of considering the factors of death and interests.
3. Life insurance is a long-term insurance business, the applicant; The insurance premium paid should be returned in the form of insurance money after several years; Whether the insured and the insured can get insurance protection as scheduled, how to share the losses and gains among the insured more scientifically, to what extent the use of long-term funds is controlled, and at what level the interest rate should be maintained to ensure the timely payment of insurance benefits and maintain the stable profits of insurance companies, all of which need to be calculated on the basis of actuarial science. Therefore, it is necessary to establish an actuarial system and strengthen the management of actuarial work.
Due to the complicated actuarial technology and strong professionalism, in order to improve the actuarial level, strengthen the supervision and management of life insurance and protect the interests of the insured and the insured, the insurance law requires insurance companies engaged in life insurance business to hire actuarial professionals recognized by the financial supervision and management department, establish an actuarial reporting system, and submit the actuarial report of the company to the financial supervision and management department for supervision and inspection according to the requirements of the financial supervision and management department.
What is actuarial science and what is the role of actuaries?
Actuarial science is a comprehensive applied science based on the basic principles of economics and using modern mathematical methods to analyze, evaluate and manage the future financial risks of various economic activities. Actuarial methods and techniques are effective tools for scientific management of modern insurance, finance and investment.
Actuaries are professionals who use actuarial methods and techniques to solve economic problems, and are experts in evaluating the future financial risks of economic activities.
The traditional field of work of actuaries is commercial insurance. Actuaries are mainly engaged in product development, liability reserve accounting, profit source analysis and dynamic solvency in this industry.
Actuarial science is a comprehensive applied science based on the basic principles of economics and using modern mathematical methods to analyze, evaluate and manage the future financial risks of various economic activities. Actuarial methods and techniques are effective tools for scientific management of modern insurance, finance and investment.
Actuaries are professionals who use actuarial methods and techniques to solve economic problems, and are experts in evaluating the future financial risks of economic activities.
The traditional field of work of actuaries is commercial insurance. Actuaries are mainly engaged in product development, liability reserve accounting, profit source analysis and dynamic solvency testing in this industry to ensure that the regulatory decisions of insurance regulatory authorities and the business decisions of insurance companies are based on science. With the development and application of actuarial science, the work field of actuaries has gradually expanded to social insurance, investment, demographic analysis, economic forecasting and other fields.
Actuaries are scarce resources in China, because the cost of actuaries and international practices are different at home and abroad. Like Steven. Mi Le of Ping An Insurance Company, the most expensive actuary in China, is estimated to be worth at least RMB 3 million per year, while domestic actuaries are only RMB 500,000-600,000.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.