Question

What factors may constrain an actuary's choice in determining mortality assumptions?

a.

Regulatory authorities and competitive considerations

b.

Economic conditions and market trends

c.

Technological advancements and medical breakthroughs

d.

Actuarial expertise and industry standards

Answer: (a).Regulatory authorities and competitive considerations Explanation:Factors such as regulatory authorities and competitive considerations may constrain an actuary's choice in determining mortality assumptions, limiting their freedom to decide on the most appropriate assumption.

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Q. What factors may constrain an actuary's choice in determining mortality assumptions?

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