Actuaries as a career
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates, and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits
Design, review, and help administer insurance, annuity, and pension plans, determining financial soundness and calculating premiums.
Collaborate with programmers,underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improving existing business.
Determine or help determine company policy and explain complex technical matters to company executives, government officials, shareholders, policyholders, and/or the public.
Provide advice to clients on a contract basis, working as a consultant
Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent
information
information
SKILLS—Programming; Mathematics; Active Learning; Complex Problem
Solving; Operations Analysis; Critical Thinking; Coordination; Monitoring
Solving; Operations Analysis; Critical Thinking; Coordination; Monitoring
RELATED KNOWLEDGE/COURSES— Mathematics: Knowledge of arithmetic, algebra, geometry, calculus, and statistics and their applications.
Economics and Accounting: Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and
reporting of financial data.
Economics and Accounting: Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and
reporting of financial data.
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