While no charges have been filed, the case against Hank Greenberg hangs on the actuarial concept of risk transfer.

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Absent intervention, well-functioning insurance markets achieve actuarial fairness in which premiums are in direct proportion to the risk posed by each class of insured individual.

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To that end, the Society of Actuaries and the Casualty Actuarial Society hosted a call for essays, " Systemic Risk, Financial Reform, and Moving Forward from the Financial Crisis, " seeking to find solutions that would prevent a future systemic meltdown.

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Since the creation of the first actuarial table, insurers have used some form of analytics to assess the levels of risk their clients face and to determine how to manage such risk.

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