Trending Actuarial Science Discussions

What is retroactive ratemaking in insurance? ‎

Insurance means spreading of loss or sharing of risk .do you agree?‎

Risk is certain under life insurance. Is risk of death is certain sooner or later? Origin of Life insurance was in England -1583 AD. It was for12 months provided by Ami‎ ... See More

Can Natural Catastrophes be actually Underwritten ?‎

What is the Actuarial study? ‎

ما هو دور الخبير الاكتوارى فى شركات التأمين والبنوك ؟‎

 

Answer added by  Divyesh Patel, Assistant Professional Officer- Treasury, City Of Cape Town
10 years ago

Yes I agree.   Insurance is that a group of people exposed to similar risk come together and make contributions towards formation of a pool of funds. In case a person act ... See More

 

Answer added by  Mamoun elbaghir abdalla mhamad Eltayeb, Insurance agent / Producer, Albaraka Insurance Company
10 years ago

I Agree. Because insurance is a risk transfer process starting with the original insured who by obtaining the insurance policy transfer his own risk to the insurance comp ... See More

 

Answer added by  Mohamad Faizal Abdul Sani, Senior Manager, Compliance Governance, RHB Banking Group
10 years ago

I agree, buy purchasing an insurance policy, you have practically transfered certain risk such as death, critical illness, disability and etc. to the life insurer. Also i ... See More

 

Answer added by  Moses Ajayi Murorun, Production Executives, Various Organizations
10 years ago

Yes i agree because insurance is a pooling of risk 

 

Answer added by  Subhranshu Ganguly, Quality Analyst., WIPRO
10 years ago

Gentlemen. I do agree with you. But apart from that there is also sharing of profit especially in life insurance. In the begining of the2000 century LIFE INSURANCE CORPOR ... See More