New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the role of an actuary in the insurance

    industry?
    A To assess and manage financial risks, including pricing and reserving. Correct Answer Incorrect Answer
    B To investigate and settle insurance claims Correct Answer Incorrect Answer
    C To sell insurance policies to customers Correct Answer Incorrect Answer
    D To conduct risk surveys Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Actuaries are highly skilled professionals who use mathematical and statistical methods to assess and manage financial risks in the insurance industry. Their key roles include: Pricing insurance products Setting reserves for future claims Developing and managing investment portfolios Conducting financial risk analysis

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