About The Medical Condition Actuarial Analysis

Find the definition of the medical term Actuarial Analysis. Actuarial Analysis defined and explained for easy understanding at the Medical Conditions from ClusterMed.info.
Actuarial Analysis

Actuarial Analysis Medical Condition |
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What's The Definition Of The Medical Condition Actuarial Analysis?
The application of probability and statistical methods to calculate the risk of occurrence of any event, such as onset of illness, recurrent disease, hospitalization, disability, or death. It may include calculation of the anticipated money costs of such events and of the premiums necessary to provide for payment of such costs.
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