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Underwriting and Actuarial Science

 

 

Underwriters are the risk assessors. They evaluate the applications for insurance to determine whether to accept the risk, and if so, what coverage limits and premiums to charge.

 

Actuaries are specialized professionals who use statistical and mathematical models to calculate the probability of future events (like death, accident, or natural disaster), and thus determine the appropriate pricing and financial reserves for the insurance company.

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