JAMB - Commerce (2025 - No. 33)
The expert who calculates premium for an insurance company is?
A broker
An assessor
An actuary
An underwriter
Explicaţie
An actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuaries use mathematics,
statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs.
They evaluate the likelihood of those events, design creative ways to reduce the likelihood and decrease the impact of adverse
events that actually do occur.
statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs.
They evaluate the likelihood of those events, design creative ways to reduce the likelihood and decrease the impact of adverse
events that actually do occur.