Ali is an actuary with a national insurance company. How will information he provides help his company succeed?

(1 point)
Responses

He keeps track of the daily financial transactions.

He keeps track of the daily financial transactions.

He makes sure the company is running at a profit.

He makes sure the company is running at a profit.

He validates the insurance claims filed by customers.

He validates the insurance claims filed by customers.

He determines risk involved when providing insurance.

He determines risk involved when providing insurance.

1 answer

The most relevant response is:

He determines risk involved when providing insurance.

As an actuary, Ali uses statistical methods and financial theory to assess risk and help the company price its insurance products appropriately. This capability is critical for the company's success, as it ensures that they can offer competitive rates while remaining profitable and financially stable.