What is the function of an actuary?
Question:
What is the function of an actuary?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
Actuaries are professionals who specialize in assessing and managing risk particularly in the fields of insurance finance and pensions Their primary function is to use mathematical and statistical met...View the full answer
Answered By
Ehsan Mahmood
I’ve earned Masters Degree in Business Studies and specialized in Accounts & Finance. Couple with this, I have earned BS Sociology from renowned institute of Pakistan. Moreover, I have humongous teaching experience at Graduate and Post-graduate level to Business and humanities students along with more than 7 years of teaching experience to my foreign students Online. I’m also professional writer and write for numerous academic journals pertaining to educational institutes periodically.
4.90+
248+ Reviews
287+ Question Solved
Related Book For
Principles Of Risk Management And Insurance
ISBN: 9781292151076
13th Global Edition
Authors: George E. Rejda, Michael J. McNamara
Question Posted:
Students also viewed these Business questions
-
What is the function of an inference engine in an expert system?
-
What is the function of an income statement?
-
The Mega Corporation insures its 15-year-old building for its full replacement cost under an ISO BOP that has no endorsements. The building was recently damaged by fire and the loss was equal to...
-
ZA Berhad is an investment holding company located in Malaysia. Property development, building, property investment, and management services are the primary activities of the corporation and its...
-
What are demand characteristics? How can they be minimized?
-
The following is the ending balances of accounts at December 31, 2018, for the Weismuller Publishing Company. Additional Information: 1. Prepaid expenses include $120,000 paid on December 31, 2018,...
-
A sphere of radius \(R\) is rotating in an infinite fluid at an angular velocity of \(\Omega\). Derive the following expression for the velocity field: \[v_{\phi}=r \Omega \sin \theta...
-
1. How would you characterize the main economic, legal-political, and sociocultural difference influencing the relationship between the partners in Shui Fabrics? What GLOBE Project dimensions would...
-
A1. Solve the Euler-Lagrange equation for the following functionals: (b)* f [y + xy'] dx (e)* f [(1 + x) (y')] dx (c) fx [12xy + (y')] dx 20 (f)* f [y' (1 + xy')] dx x0 You DO NOT need to apply the...
-
a. Explain the meaning of enterprise risk management (ERM). b. What types of risks are included in ERM? c. Explain what is meant by property risks and liability risk.
-
A two-year investment of $2,000 results in a return of $150 at the end of the first year and a return of $150 at the end of the second year, in addition to the return of the original investment. What...
-
Daniel Jackson is the owner of ABC Cleaning. At the beginning of the year, Jackson had $2,400 in inventory. During the year, Jackson purchased inventory that cost $13,000. At the end of the year,...
-
3. What is the future value of an investment of $1,000 paid every year for five (5) years when the funds are invested at the end of the year at a rate of 5.0%
-
Describe in one of the tools or techniques you used in your company for identifying risks (could be business or project risks) and explain the reason for choosing it.
-
Explain the concept of goodwill in accounting terms. What are the types of financial statements typically prepared by a company?
-
Describe the role of auditors in financial reporting and accounting practices. What is the difference between an income statement and a cash flow statement?
-
How do you get a depreciation expense and accumulated depreciation on equipment? Explain briefly
-
The amount of time spent by North American adults watching television per day is normally distributed with a mean of 6 hours and a standard deviation of 1.5 hours. a. What is the probability that a...
-
Complete the equations for the following equilibria and calculate Keq where the Keq expression includes [HO]. Be sure to enter Keq in proper scientific notation. (a) ammonia (acting as a base) reacts...
-
Describe the three basic forms of life insurance.
-
a. Define human life value. b. Describe the steps in determining the human life value of a family head.
-
To calculate human life value, which costs need to be deducted from a persons average annual earnings?
-
What is inverse of A = ( 0 1 2 ; 3 5 4 ; 0 1 8 ) ? cofactors will be accepted as fractions or correct to 2 decimal places. and also calculate the nine cofactors of A
-
Question: f(x)={-|x|+3 if x?-24x+1 if x>-2 f( x) = { - | x| + 3 if x ? - 2 4 x+ 1 if x > - 2 -x+3 if x -2 f(x) = 4x+1 if x>-2
-
Gianna is working two summer jobs, making $ 1 0 per hour walking dogs and making $ 1 8 per hour tutoring. In a given week, she can work a maximum of 1 7 total hours and must earn a minimum of $ 2 5 0...
Study smarter with the SolutionInn App