TwoBranchesofActuarialScience Life&Health/Pension-SocietyofActuaries:SOA-around17,000inUnitedStatesPropertyandCasualty(orProperty/Liability)-CasualtyActuarialSociety:CAS-3,425inUnitedStates/3,857total P&CLinesofBusiness Examples HomeownersEarthquakeAutomobileMortgageGeneralLiabilityMedical...
Actuarial science needs large data with which to obtain meaningful probabilities. Therefore, it would automatically incorporate the transition probability of becoming a dependent person so that, at each age, the actuarial equity factor that allows a zero-cost conversion would be obtained. Knowing the ...