Question

what do you understand by Actuary and Acturail valuations ?​

Answer 1

Answer:

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Explanation:

An actuarial valuation is an analysis performed by an actuary that compares the assets and liabilities of a pension plan. Actuarial valuations are necessary to assess the long-term sustainability of a defined benefit pension plan and can serve as a decision-making tool for plan sponsors.

Answer 2

Answer:

The purpose of an actuarial valuation is to calculate the 'present value' of payments that would be made to employees in future as part of an employee benefit plan. Actuaries start by making assumptions about future salary increment rates, attrition and mortality rates.