The Importance of Statistics to the Insurance Industry

Number of Pages 5

The insurance industry relies on statistics to assess risk and help with the setting of insurance premiums. The writer looks at the different types of statistics that may be needed for various types of policy and the way that the statistics are used as well as the reasons why interpretation and statistical accuracy is important to the survival of the firm. Two sources are cited in this five page paper.


File: TS14_TEstatinsure.rtf


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