answersLogoWhite

0


Best Answer

An actuary is a highly skilled mathematician who helps to calculate the rate that needs to be charged by the insurer based upon the likelihood that an event will occur. The premium charged by the insurer to the consumer is a function of the rate.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the people that predict things for insurance companies?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What companies offer renters insurance?

Allstate offers renters insurance to people. It also offers home insurance and many other types. Try this company for great deals and things you need.


Do most insurance companies cover flood damage?

Different insurance companies have different covers for different things. However, you may be able to get insurance for flood separately from your other insurance that you may have.


What companies provide insurance for bars and restaurants?

Companies that provide insurance for bars and restaurants include InsuringMyRestaurant and SocietyInsurance. Both companies offer a variety of insurances for all kinds of things, including for bars and restaurants.


How does Derren Brown predict things?

Derren Brown uses psychology, body language and suggestion to help him predict things. In some cases he can persuade people to believe things that didn't happen.


An Ounce of Prevention?

Too often in society today, people tend to cut back on the wrong things when they're looking for things to cut inside of their budget. Insurance is usually one of the first things on the chopping block, even though there is no way that it should be. Everyone, from individuals to people with families, should have insurance on their car, on their person, on their health, on their large assets, and on their business in the form of unemployment insurance and disability insurance. All of these things can be covered under certain types of general insurance plans, and these types of general insurance plans are usually much more cheap than buying each individual type of insurance.There are certain types of general insurance companies which specialize in this type of insurance, and people who are trying to cut back or look for cheaper insurance should definitely seek out these types of programs so that they can maintain their protection against emergency events without having to break the bank and go over the monthly budget. However, no matter what, people should remember that the reason that insurance companies are among the most profitable companies in the world is because they pay close attention to the mathematical probabilities that things may happen that are bad. People tend to think they can beat these odds, but this is why the insurance companies are very well to do with plenty of money, and many people are sitting in the hospital or unemployed, with a broken financial structure, because they did not have the wherewithal to use the same mathematical probability models as the insurance companies and keep their insurance.Is definitely not in your best interest to worry about the ins and outs of the probability models that the insurance companies literally use. However, it is in your best interest to realize that the economic fallout of one emergency that can bankrupt you is well worth the extra effort to maintain that line item in your monthly budget. If you must cut back, cut back on other things in your budget, but not on the insurance that you have for yourself or your family.


How did the government health insurance program in Canada effect private insurance companies?

Private insurance companies provide some coverage where the public insurance fails in Canada. The health insurance act of 1984 was instituted and provided problems for private insurance companies seeking to enter the market. Many canadians have private insurance to cover small things like vision care.


What do insurance companies look at when renewing your auto insurance policy?

Claims history and driving record are the most important things in determining a renewel.


What are some things to ask and look for when comparing boat insurance companies?

The best thing to look for when comparing insurance companies is how often customer service is available and to what extent are they willing to go above and beyond for you.


Where can I find information about sports insurance?

You can purchase sports insurance through a variety of insurance and medical companies. You can pick a package that is good for you and covers things that you are interested in. Such as physicals, and medical bills.


Money Can Be Saved With A Home Auto Insurance Quote?

A home auto insurance quote is a good thing for people who want to save money. You don't have to spend a ton of money on insurance, whether you are insuring your home or your car. If you can combine insurance under one umbrella, things will be much cheaper for you. Many of the insurance companies out there are more than willing to provide people with good deals if they have both insured under one policy. You can compare different companies, too, by getting a home auto insurance quote from a bunch of different insurance providers all at one time.


What does house insurance cover?

House insurance can cover different things depending on your policy. Common things covered include storm damage, some kinds of theft, and fire. You can also get specific flood insurance. There are many different houses out there. Because there are houses, there are companies that offer house insurance. Depending on one's house insurance plan, it can cover different things.


Do you have to have your insurance?

In most states you have to have car insurance to drive on the road. Most mortgage companies require homeowner's insurance. Health insurance is not currently required, but you may face a fine if you refuse to buy it beginning in 2014 under the health care reform bill. Life insurance, disability insurance, etc may sometimes be required for different things, but in general, most people don't have to have them.