Actuarial assessment

An actuarial assessment evaluates the probability, frequency, severity, and timing of insured events using data, modelling, and financial assumptions. It supports premium calculation, technical provisions, capital planning, product design, and portfolio monitoring. In Swiss insurance practice, actuarial work is relevant to both contractual fairness and prudential supervision, especially where long-term obligations or catastrophic risks exist. The assessment is not a legal decision by itself, but its assumptions may influence disclosure duties, reserving, solvency reporting, and the review of discriminatory or misleading pricing practices.