Insurance Actuarial Probability Calculator
Estimate expected claims, total premium income, projected profit, and loss ratio for insurance portfolios using actuarial probability.
Expected Claims
20
Expected number of claims filed
Expected Claim Cost
$1,000,000
Total expected payout for claims
Total Premium Income
$1,200,000
Total premiums collected from all policies
Expected Profit
$200,000
Projected profit after expected claims
Loss Ratio
0.8333
Ratio of claims cost to premium income