Ali is an actuary with a national insurance company. How will information he provides help his company succeed?
A. He keeps track of the daily financial transactions.
B. He makes sure the company is running at a profit.
C. He validates the insurance claims filed by customers.
D. He determines risk involved when providing insurance.
D. He determines risk involved when providing insurance.
By accurately assessing and calculating the risk involved in providing insurance, Ali can help his company set appropriate premiums, manage their financial reserves effectively, and make informed decisions about which policies to underwrite. This information can help his company succeed by ensuring they are adequately protected against potential losses and are able to competitively price their insurance products.