Monday, 23 March 2015

The concept of probability applied in insurance actuarials

We all know that probability in the measure of likelihood of an event happening or not happening. It is a concept that we use in day to day activities whenever we use our predictions and judgement.The concept is important in calculating the mortality table for life insurance purposes.

https://www.youtube.com/watch?v=TcaSV4uqg0A&index=11&list=PLs7ffEMvVtT1l7dDR3kI03WgRJahLYpej

https://www.youtube.com/watch?v=HRcl3bVtj34&index=12&list=PLs7ffEMvVtT1l7dDR3kI03WgRJahLYpej

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