The Use of Actuarial Instruments
Starting this month we will be also offering periodic bonus mini in services. Today’s mini in service is on actuarial instruments.
Today I discuss actuarial instruments:
- What they are
- How they are used
- What they predict
- And provide 8 tips to ensure their proper use
An actuarial instrument is a statistical method of estimating the risk of a specific event occurring
These are widely used by insurance companies, such as in the case of auto insurance. They have also become a standard of practice in the sex offender industry to estimate the risk of sexual recidivism and are generally held as the most accurate method of predicting repeat sexual violence.
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