Showing posts with label Probability. Show all posts
Showing posts with label Probability. Show all posts

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