Which of the following professionals assist in determining the actual cost of a loss to be paid by an insurer on a claim?

By: |Published on: Oct 17|Categories: Insurance WAEC| 0 comments

A. loss adjuster
B. insurance broker
C. actuary
D. surveyor

Correct Answer: Option C

C. actuary

Explanation

An actuary is a business professional who deals with the measurement and management of risk and uncertainty. Being an actuary means having highly valued mathematical skills and expertise. Actuaries come from different academic backgrounds but share a love of maths even if they haven’t done a maths degree.

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