Question

What career is Matthew likely in if he is working in the finance cluster and ensures that clients get the right plan and price for insurance coverage? a. Actuary b. Underwriter c. Loan officer d. Accountant

Answer 1

Matthew is most likely an underwriter, as his role involves ensuring clients have the right insurance plans and pricing.

Step-by-step explanation:

If Matthew is working in the finance cluster and his primary role is to ensure that clients receive the appropriate plan and price for their insurance coverage, then he is most likely working as an underwriter. Actuaries generally deal with the mathematics behind insurance, calculating risks and determining pricing structures. Loan officers assist with the borrowing of money, and accountants handle the financial records of individuals or businesses, which is not directly related to providing insurance plans to clients.

Answer 2

The correct answer is option b - Underwriter.

Matthew is likely working as an Underwriter in the finance cluster because underwriters are responsible for evaluating insurance risks and determining the coverage plans and pricing for clients.

Underwriters are professionals who evaluate and analyze the risks of insuring people or assets and establish pricing for accepted insurable risks. They play a crucial role in the insurance industry by protecting the company's book of business from risks that they feel are too high.

For instance, an underwriter in a health insurance company would examine a potential client's medical history to determine the risk of insuring that person and to come up with appropriate premium rates.