Across
- 3. Effect that arises in groups
- 6. Pricing method in non-life
- 8. Strategy to mitigate moral hazard
- 10. Process of categorizing policyholders
- 13. Reserves for claims that have been reported but are expected to develop adversely
- 14. Reserves for claims that have occured but have not yet been reported
- 15. Statistical concept
- 16. Core mechanism of insurance
- 17. Reserves for claims that have been reported but not yet settled
- 21. Core function of actuaries
- 22. Setting premiums with consideration of market dynamics
- 23. Change in behaviour due to insurance
- 24. Risks that are recognized but not precisely measurable
- 25. Principle for premium and reserve calculation
Down
- 1. Criteria used in pricing
- 2. Higher risk due to asymmetric information
- 4. Basis for any calculation
- 5. Unforeseeable risks
- 7. Value of money at different time points
- 9. Calculation of time value of money
- 11. Evaluating propability and potential cost of claims
- 12. Reserving method
- 18. Pricing method in non-life
- 19. Alternative to capital funding
- 20. Characteristic that influences the expected loss