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There are two broad roles for actuaries in Life Insurance: i) Product Development/Pricing (Rating) Designing insurance products and assessin the appropriate premium rates and charges to be applied. ii) Financial Management Ensuring the comnpany's solvency by calculating the estimated value of outstanding liabilities allowing for example for future claims, premiums, maturities, cancellations.
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What company do the letters aig stand for?
AIG stands for the American International Group and their primary role is an automobile insurance provider.
Role of cost accountant in a manufacturing company?
Kindly furnish me with the roles of a cost accountant in any manufacturing company
What role does the payroll services play in a company?
Payroll services pay employees of the business file tax documents, calculates wage deductions and withholdings. Federal state and local taxes are calculated then subtracted from the employees pay and paid by the payroll service. They also occasionally handle the insurance, retirement accounts and workers compensation needs of the company.
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