Actuarial Glossary :: "The Mother of All Actuarial Glossaries"

Q

Quadrennium/Quinquennium (A)

A quadrennium is a 4 year period. A quinquennium is a 5 year period. These terms are commonly used in mortality investigations and population projections.

 

Qualifying Life Policy (F)

A policy which meets certain conditions set by the Inland Revenue (ie it qualifies!). Non-qualifying policies suffer tax disadvantages to some policyholders, so life offices design most contracts so that they qualify.

 

Quant(itative) Techniques (E)

Modern mathematical techniques used to aid stock and sector selection.

 

Quota Share (G)

A form of reinsurance where all premiums and claims for business covered by the treaty are split between the direct writer and the reinsurer in the specified proportion.

 

Quoted (E)

Shares quoted on the London Stock Exchange or on AIM.