Pension Consultant Question:
Explain the role of Actuary in consulting firm?
Answer:
The role of the actuary in consulting firm varies, it may include
☛ Give investment advice
☛ Evaluating a company’s insurance program cost for the employees
☛ Can work for a labor union to evaluate and estimate what the new health plan provided would cost
☛ Giving evidence on how automobile insurance rates should be determined
☛ Testify in court about the loss of potential lifetime earnings by a person who has been disabled or killed in an accident
☛ Determining the future pension benefits based on the current value in divorce cases.
☛ Give investment advice
☛ Evaluating a company’s insurance program cost for the employees
☛ Can work for a labor union to evaluate and estimate what the new health plan provided would cost
☛ Giving evidence on how automobile insurance rates should be determined
☛ Testify in court about the loss of potential lifetime earnings by a person who has been disabled or killed in an accident
☛ Determining the future pension benefits based on the current value in divorce cases.
| Previous Question | Next Question |
| What are your greatest strengths as Pension Consultant? | What is lognormal distribution in the context to insurance? |