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CSANews Issue 71
> Insurance Update
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| Pricing Your Policy |
Summer 2009 > Issue 71
Every year, during the months of April and May, actuaries, mathematicians and underwriters gather in little rooms in several cities of Canada to pore over policy documents, vast spreadsheets and the past five years of claims and their causes. Their job is to strike the next season's prices for your out-of-Canada medical insurance policy. Having some actuarial and mathematical background myself, I like to compare it to the witch doctor's "casting of the bones." Read more |
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