These individuals are charged with determining appropriate rates (prices) for insurance coverage.They estimate the frequency and severity of losses and the loss distribution to determine rates for coverage.Identify them.

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Actuaries are professionals who analyze financial risk using mathematics, statistics, and financial theory, particularly in the insurance industry. They are responsible for calculating insurance rates by estimating the frequency and severity of potential losses.

These Individuals Are Charged with Determining Appropriate Rates (Prices) for Insurance