Actuarial Gains And Losses
Definition of "Actuarial gains and losses"
Experience as it relates to the annual costs associated with a pension plan. In calculating premiums due under a pension plan, basic assumptions must be made concerning future loss experience and expenses. Actual loss experience can prove to be better or worse than envisioned. If the experience is better, the result is an actuarial gain. If the experience is worse, the result is an actuarial loss.
Popular Insurance Terms
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Employee of the insurance company who has the authority to appoint brokers on behalf of the insurance company. This supervisor has the objective and responsibility to sell the insurance ...
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