Sentences with phrase «given by the actuary»
If the correct and complete picture is given by the actuary on the reserves of IBNR, it would have facilitated the insurer's board to take appropriate corrective and timely actions by consulting with the IRDA for saving the interest of insured, it said.
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So one day, I was invited by an industry group of actuaries leading pension lines of business to give a presentation to the group.
It is said by the regulator that the actuary's under - reserving has emerged in the deficit in the IBNR, i.e. Incurred But Not Reported Claims Reserve, of Rs. 4,263 crores, that was given away in the fiscal statements of insurance company as on March 31, 2016.