Who is an Actuary in Insurance Company?
An actuary is a technical person, who has passed specialised examinations conducted by Institute of Actuaries London or Actuarial Society of India. An Actuary in an insurance company determines the policies to be offered (plans of insurance) and the premium to be charged to the insuring public. He also advises the company about the policies to follow regarding investment of funds, deciding the bonus to be declared and so on.
