What does actuarial report mean?

actuarial report meaning in Insurance Dictionary

the item of an actuary's research of an organization's loss knowledge using probability theory and other ways of statistical analysis. Can help figure out an insured's projected losses, a self-insured's obligation accruals, the adequacy of a property-casualty (P&C) insurer's statutory reduction reserves, or a life insurer's unearned premium (technical) reserves. Will be the basis of rate development.