The ________ division of an insurance company gathers and interprets information to aid in rate-making / setting.

The actuarial division of an insurance company plays a critical role in gathering and interpreting data to assist in rate-making and setting. Actuaries utilize mathematical and statistical methods to analyze data related to loss trends, policyholders' demographics, and other risk factors. This analysis allows them to estimate the likelihood of future claims, which is essential for determining the rates that policyholders should be charged.

Actuarial work is fundamental to ensuring the financial stability of an insurance company, as it directly influences how premium rates are established based on predicted risks. By accurately assessing risks, actuaries help ensure that the company can cover potential claims while remaining competitive in the marketplace. This function is distinct from other divisions within the insurance company, which may focus on selling policies, assessing individual applicants for risk, or managing claims once they occur.