Actuaries

01

Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.

02

Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.

03

Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.

04

Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.

05

Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.

06

Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.

07

Provide advice to clients on a contract basis, working as a consultant.

08

Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.

09

Negotiate terms and conditions of reinsurance with other companies.

10

Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.