Description
Analyze mortality, morbidity, lapse, and longevity experience to build probability models and forecast risks and liabilities for life insurance and annuity products. Determine premium rates, reserves, and capital needs to ensure payment of future policy benefits and the financial soundness of life portfolios.
- • Ascertain premium rates, reserves, and liabilities needed to ensure payment of future life and annuity benefits.
- • Analyze mortality, morbidity, lapse, expense, and longevity experience to set actuarial assumptions.
- • Design, price, and review life insurance, annuity, and supplemental benefit products.
- • Perform valuation, reserving, and financial reporting for life and annuity blocks.
- • Conduct asset-liability management and cash-flow testing to assess solvency under economic scenarios.
- • Build, validate, and maintain actuarial models for pricing, valuation, and capital management.
- • Collaborate with underwriters, product managers, finance, IT, and senior leadership on product and risk initiatives.
- • Determine policy contract provisions and dividend scales for participating life and annuity products.
- • Develop and evaluate reinsurance strategies; negotiate life reinsurance treaty terms and pricing.
- • Prepare regulatory filings and support interactions with insurance departments and rating agencies.
- • Explain complex actuarial results and recommendations to executives, boards, and other stakeholders.
- • Provide consulting advice to clients on life product design, pricing, reserving, and risk management.
- • Testify before regulators or public bodies on proposed life insurance legislation or rate filings.
- • Serve as an expert witness on matters such as life expectancy, economic loss, or policy valuation.
- • Monitor emerging risks and market trends; recommend improvements to existing life and annuity business.
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Financial Services
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Tasks & skills:
O*NET occupational data (work activities, skills, knowledge).
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Last reviewed: Jan 2026
