Question 76
InsuranceAn actuary is the expert who
- A.assesses the extent of risk sustained by an insured
- B.calculates the premium payable for an insurance policy
- C.brings clients to an insurance company for a commission
- D.undertakes to cover a risk or part of it
- E.writes up insurance cover notes for the insured.
Show the answer and explanation
Answer: B (calculates the premium payable for an insurance policy)
Explanation
Actuaries use statistics to calculate risks and premiums.