1 Its the actuaries who are responsible for making policies and measure the risks before implementing them So it is fault in their work and they made a bad decision in pricing policies 2 Yes the company has detailed listing of all the concerned customers and they have enough information to make a good decision 3 Yes actuaries actually get benefits when the policies they make becomes profitable So they are actually like shareholders who will always work for betterment of the company as they are t

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Actuaries are set to analyze the risks using variou... View the full answer