Description
Provide independent actuarial advice to insurers, pension sponsors, and financial institutions. Analyze statistical data and build probability models to forecast risk and liabilities, price products, set reserves, and support regulatory, capital, and strategic decisions.
- • Deliver actuarial consulting services under defined engagements, managing scope, timelines, and deliverables.
- • Serve as an expert witness on damages, lifetime earnings, and insurance-related matters.
- • Build probability tables and catastrophe or stress models for events such as fires, natural disasters, and unemployment.
- • Advise on policy contract provisions and rate filings across lines of insurance.
- • Support credit risk assessment and pricing for corporate securities or structured transactions, where applicable.
- • Help financial institutions manage risk, asset-liability management, and capital, and optimize returns on investment and credit products.
- • Advise clients on premium rates, reserves, and liability valuations to ensure future benefit payments.
- • Analyze statistical data to estimate mortality, morbidity, claim frequency and severity, lapses, and retirement rates.
- • Design, review, and recommend insurance, annuity, and pension plan features, pricing, and funding strategies.
- • Partner with client underwriters, finance, IT, claims, and leadership to launch new products or improve performance.
- • Develop policy recommendations and explain complex actuarial issues to executives, boards, regulators, and the public.
- • Provide regulatory testimony and support on proposed legislation or rules affecting clients.
- • Advise mutual companies on surplus distribution methodologies for participating products.
- • Communicate and document changes in plan or contract provisions to client stakeholders.
- • Advise on reinsurance strategy and assist in negotiating terms and conditions.
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Financial Services
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O*NET occupational data (work activities, skills, knowledge).
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Last reviewed: Jan 2026
