Advancements in artificial intelligence and big data are gradually changing the traditional actuarial practice, according to an industry expert with nearly 40 years of actuarial experience. “It has ...

Alberta’s incoming no-fault private insurance system could cut premiums for passenger and commercial vehicle drivers, but hike prices for motorcyclists, a new actuarial report says.

Just as new- and used-car prices have skyrocketed in recent years, auto insurance rates are following in lockstep. According to the U.S. Bureau of Labor Statistics average premiums have increased by ...

A new actuarial report released by the Automobile Insurance Rate Board projects drivers could see lower premiums under ...