WAEC Commerce 2017 Objective — Question 27
Question 27 of 50 from the West African Examinations Council (WAEC) Commerce 2017 Objective paper, with the correct answer and a full explanation.
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27. The expert responsible for the calculation of probability of risks in insurance is
- A. A. an actuaryCorrect
- B. B. an underwriter
- C. C. a broker
- D. D. a solicitor
Explanation
Actuary science is the part of insurance that deals with the calculation aspect. Thus, the actuary is the person that deals with it.
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