“Baker Tilly” is actuary licensed by Insurance Regulatory Unit in the State of Kuwait.
The actuary plays a critical role in the insurance industry as the products of insurance industry depend in pricing on to what extent the insured risks materialize.
The statistics and probability are used in calculating and evaluating these risks, if they materialize, and calculating the required financial buffers as outlined below:
- Technical reserves
- Investing part of premium revenues in other business activities to increase the financing sources to secure and maintain stability of insurance companies’ business.
Baker Tilly provides the following actuarial consulting services: