Nepal Life Insurance

Insurance sector in the lack of Actuaries

प्रकाशित मिति: १९ मंसिर २०७४, मंगलवार १२:१३

Beema News

Beema News

Kathmandu, Actuary is an occupation, to asses to risk in the financial sector. It evaluates make the assessment of the risk of investment as well as of the return. Since it is a specialized task of financial sector, it is also known as actuary science. In the insurance sector, actuary is known as an important as well as an indispensable organ. Since the insurance policies issued by the companies are subject to various risk factor, an actuary is compulsory in insurance company. Similarly, to make the prediction and analysis of the investment risk too in the financial sector, the need of the actuary is indispensable. In the international practice, in all types of financial sectors, the actuaries are appointed. Actuaries do the analysis of all past records and statistics of investment and make the prediction deficit or surplus of the future investments by using mathematical formulae.

The Insurance Act, 2049 has also set up the compulsory regulation for the insurance companies to make the actuary evaluation. However, for the actuary evaluation, Nepal is in the compulsion to rely over Indian. Due to lack of sufficient manpower, who have specialized in its study, the insurance companies have to import the Indian manpower in this field. As per the insurance act, the insurance companies have to make the analysis of financial position as well as evaluate their liability position. Apart of this, either for issuing the new insurance contracts by the insurance companies or while making the insurance contracts by the insurance board, there is the need of actuaries.

The use of actuary was first supposed to be effected in 1957 in England. Round the globe, there is the scarcity of manpower in this field.  An individual has to specialize in mathematics as well as statistics. It is also one the highly paid job.

 

There is the need of actuaries while preparing the insurance contracts, determining the premium rate, predicting the number of claim in the total issued policies, determining the financial position of the company, determining the amount of bonus to be paid to the insured, etc.

There has been the rising need of actuaries in Nepal with the rise in the number companies. Similarly, in the proposed insurance bill, the regulation for the annual evaluation by the actuary has been included. The need to produce the national actuaries, rather than relying over foreign manpower seems to be important currently.

Although, there are not any Universities for the study of actuary science, by studying in the recognized institutes, the actuary practice license can however be taken. Recently Tribhuvan University has come up with the program of mathematical science, which is supportive for the actuary science.

 

 

 

समाचार

सबै

पुनर्बीमा कम्पनीको चौथो साधारण सभा सम्पन्न

काठमाडौ । वीमा कम्पनीहरुको जोखिम न्यूनिकरणको लागि स्थापना भएको नेपाल पुनर्बीमा कम्पनीको चौथो बार्षिक सधारणसभा गत हालै सम्पन्न भएको छ । शुक्रबार ललितपुरको होटल हिमालयमा सम्पन्न भएको सधारणसभामा गत आर्थिक.....

नेपाल लाईफको नयाँ बीमा योजना, प्रत्येक वर्ष खर्च, अवधी पश्चात पुरै भुक्तानी

बीमा न्यूज/काठमाडौं । जीवन बीमा कम्पनीले नेपाल लाईफ इन्स्योरेन्स कम्पनीले नयाँ बीमा योजना बजारमा ल्याएको छ ।.....

एशियन लाइफको दुई लाख २१ हजार कित्ता हकप्रद लिलाममा

काठमाडौं । एशियन लाईफ इन्स्योरेन्स कम्पनी लिमिटेडले २ लाख २१ हजार कित्ता हकप्रद सेयर लिलाम बिक्रीका लागि.....

प्रभु इन्स्योरेन्समा बीमा गर्दा बि एण्ड सी अस्पतालमा नगदरहित उपचार पाइने

काठमाडौं । निर्जिवन बीमा कम्पनी प्रभु इन्स्योरेन्समा बीमा गरेका सेवाग्राहीहरुले अब पूर्वको चर्चित बी एण्ड सी.....

गण्डकी विकास बैंकबाट अजोड इन्स्योरेन्सबीच सम्झौता

काठमाडौं । ख बर्गको वित्तिय संस्था गण्डकी बिकास बैंक र निर्जिवन बीमा कम्पनी अजोड इन्स्योरेन्सबीच बीमा सेवा.....