Coinsurance – Explained

What is Coinsurance?  This is the amount that is paid by an insured against a claim after the deductible is settled. It is usually expressed as a fixed percentage. The coinsurance provision is the same as a co-payment provision in health insurance. The only difference...

Actuary – Explained

What is an Actuary? An actuary is a person conversant in the profession of mitigating and managing the risks associated with financial investments and other ventures that are potentially risky. Actuaries have excellent knowledge and skills in mathematics, statistics...

Qualified Actuary – Explained

What is a Qualified Actuary? Actuaries are statisticians who calculate the likelihood of specified occurrences. More specifically, actuaries analyze all available information to identify the risk of a particular occurrence and the relating consequences. They primarily...
Chat with us