Actuary how-to
How to Explain an Actuarial Result to Executives
Results only matter if people understand.
Quick answer
Results only matter if people understand. In short: lead; explain; show, then complete the remaining steps below.
Step by step
Lead with the answer.
Explain key drivers.
Show a simple chart.
Explain uncertainty.
Give options.
Take questions.
Safety reminders for actuaries
- Follow actuarial standards of practice
- Protect confidential data
- Document assumptions
- Disclose limitations
Key terms
Mortality table · Reserve · Premium · Loss ratio · Credibility · Present value: see the full actuary glossary.