Photo: Andrew D Rallis |
Inclusive economic growth of a nation has strong links with the insurance sector. As Bangladesh's economy is growing fast, the insurance sector should get a better shape.
There is an operational and business risk for insurance companies if they set premiums and reserves for clients without calculations by an actuary...
The number of actuary depends on the volume of a country's insurance industry.
Actuary is the core theme to develop the insurance sector because everything is dependent on data. Analysing data and statistics is an essential part for insurance companies.
"Everyone needs to understand the importance of insurance in order to realise the merit of the actuarial profession."
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Source: The Daily Star