How do they match: Actuaries

  • 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 insurance 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.
  • Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
  • Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.