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The work of actuaries is to

Commerce
WAEC 2010

The work of actuaries is to

  • A. underwrite insurance risks
  • B. calculate insurance premiums
  • C. settle insurance claims
  • D. assess profits for insurance companies
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Correct Answer: Option A
Explanation

An actuary is a person whose job is to calculate risk for insurance companies and pension funds, especially the age to which people are expected to live.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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