actuarial theory

Historically, much of the foundation of actuarial theory predated modern financial theory.

The insurance actuarial theory behind this market practice purports that drivers residing or "principally garaging" their cars in a certain area face a greater loss and accident ratio.

To deny this truth, and to use a directive from Brussels to impose an obligation upon insurance companies whereby they cannot differentiate between men and women, goes against actuarial theory and, moreover, it discriminates against certain groups of insurance buyers.