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Actuary: Meaning and Requirement | Insurance Company

After reading this article you will learn about the meaning and requirement of an actuary in general insurance. Meaning of Actuary: An Actuary is an officer of any insurance company, skilled in statistics, especially on the expectancy of life and the average proportion of losses by time and other accidents. In fact the Actuary is a specialized field of a [...]

By |2016-08-10T10:03:30+05:30August 10, 2016|Insurance|Comments Off on Actuary: Meaning and Requirement | Insurance Company
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Risk in Insurance: Meaning, Types and Its Transfer

After reading this article you will learn about:- 1. Meaning of Risk 2. Types of Risk 3. Transfer. Meaning of Risk: In simple words risk is danger, peril, hazard, chance of loss, amount covered by insurance, person or object insured. The risk is an event or happening which is not planned but eventually happens with financial consequences resulting in loss. [...]

By |2016-08-10T10:03:30+05:30August 10, 2016|Insurance|Comments Off on Risk in Insurance: Meaning, Types and Its Transfer
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