QUESTION IMAGE
Question
definition
a person who compiles and analyzes statistics to calculate risk and determine insurance rates and premiums
choose an answer
1 insurer
2 actuary
3 underwriter
4 producer
The definition describes a person who uses statistics to calculate risk and insurance - related metrics. An actuary is a professional who specializes in analyzing statistics to assess risk and determine insurance rates and premiums. An insurer is a company that provides insurance, an underwriter assesses risks for insurance policies but the core work of compiling and analyzing stats for risk and premium calculation is that of an actuary, and a producer is involved in selling insurance.
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- Actuary