Having worked as an actuary who prices insurance, you are wrong. Most clients already know what they want there prices to be. It is is common to calculate insur

Having worked as an actuary who prices insurance, you are wrong. Most clients already know what they want there prices to be. It is is common to calculate insurance rates based on statistics then hit everything by a constant varying anywhere from .5 to 2 to get the rates to be competitive with the market. It's all about the government mandated signature.