Tag Archives: insurance
What is actuarially fair insurance?
Actuarially fair insurance has an expected net pay-off of zero. From a consumer's point of view, an insurance contract is actuarially fair if the premiums paid are equal to the expected value of the compensation received. This expected value is, in turn, defined as the probability of the insured-against event occurring multiplied by the compensation […]
For better or for worse – or for insurance coverage?
One of the puzzling things about the United States is its extraordinarily high marriage rate. Among OECD countries, only Turkey and Cyprus have a higher rate of marriage (Source, OECD).
Worthwhile Canadian Initiative 
Recent Comments