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The expert who calculates premium for an insurance company is?

The expert who calculates premium for an insurance company is?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A A broker
  • B An assessor
  • C An actuary
  • D An underwriter
Correct Answer: Option C
Explanation:
An actuary is an expert who uses mathematics, statistics, and probability to calculate risks and determine appropriate insurance premiums. The actuary helps the insurance company estimate the likely cost of future claims.

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