Actuarial Science and The Role of Financial Analysis in the Global Economy
Journal Title: Globalization and Business - Year 2017, Vol 4, Issue 4
Abstract
Actuarial profession is one of the few small and prestigious occupations in the world. That’s actuaries have the knowledge and skills that are necessary for financial analysis and assess-ment of long-term liabilities. Accordingly, actors work in a field where it is necessary to assess financial uncertainty. The typical tasks to which the actors perform are: Assessment of insurance risks from which the insurance tariffs are determined; Calculation of Technical Reserves; Statistical analysis of claims; Participation in corporate plan-ning (for instance when companies are merging); Determine the fair price of a new insurance product; Participation in predicting the financial results of disasters; Investment pro-grams analysis and more.
Authors and Affiliations
Nana Benidze
Keywords
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