Description
Analyze statistical data to model mortality, morbidity, accidents, and retirement patterns; build probability tables and financial models to forecast risk and liabilities. Determine premiums, reserves, and capital needed to ensure payment of future benefits and advise on product design and policy.
- • Document assumptions, methods, and results to satisfy regulatory and accounting standards.
- • Analyze statistical data to estimate mortality, morbidity, accident, disability, and retirement rates.
- • Construct probability tables and models for events such as fires, natural disasters, and unemployment.
- • Ascertain premium rates, reserves, and liabilities to ensure payment of future benefits.
- • Design, review, and help administer insurance, annuity, and pension products; assess financial soundness and calculate premiums.
- • Collaborate with programmers, data scientists, underwriters, accountants, claims experts, and senior management on new and existing business.
- • Develop, recommend, or interpret company policies; explain complex technical matters to executives, regulators, shareholders, policyholders, or the public.
- • Testify before public agencies on proposed legislation affecting insurance and pensions.
- • Serve as an expert witness, including valuation of lifetime earnings in disability or wrongful-death cases.
- • Determine policy contract provisions and explain changes to customers.
- • Negotiate reinsurance terms and conditions with other companies.
- • Provide actuarial consulting services to clients on a contract basis.
- • Provide expertise to help financial institutions manage risks and price investment or credit products.
- • Manage credit risk and help price corporate security offerings.
- • Determine equitable methods for distributing surplus under participating insurance and annuity contracts.
Related specializations
Interview options
Interview options
Interviewee gender
Interviewee accent
Interview time
Related Pathways
Financial Services
View
Source
Tasks & skills:
O*NET occupational data (work activities, skills, knowledge).
Learn more
Sources & Standards:
This site includes information from O*NET by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. Career Clutch has modified some of this information for student readability. USDOL/ETA has not approved, endorsed, or tested these modifications. O*NET® is a trademark of USDOL/ETA.
Last reviewed: Jan 2026
