Actuary Questions and Answers

Mention the role of Actuary in consulting firm?

The role of the actuary in consulting firm varies, it may include

  • Give investment advice
  • Evaluating a company’s insurance program cost for the employees
  • Can work for a labor union to evaluate and estimate what the new health plan provided would cost
  • Giving evidence on how automobile insurance rates should be determined
  • Testify in court about the loss of potential lifetime earnings by a person who has been disabled or killed in an accident
  • Determining the future pension benefits based on the current value in divorce cases.