What Is the Relationship Between the Underwriter and the Actuary

question 61

Essay

What is the relationship between the underwriter and the actuary? How do they interact?

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Definitions:

Categorical Imperative

Kant’s fundamental moral principle that helps to determine what our duty is.

Humanity

The quality or condition of being human, often associated with compassion, empathy, and the collective human species.

Prima Facie Duty

Moral duty that is binding unless overridden by a more compelling moral duty.

Moral Requirement

An ethical obligation or duty that individuals are expected to follow based on moral principles or societal norms.