Actuary
Overall rating: (N/A)
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Applies knowledge of mathematics, probability, statistics,
principles of fniance and business to problems in life, health,
social, and casualty insurance, annuities, and pensions:
Determines mortality, accident, sickness, disability, and
retirement rates; constructs probability tables regarding fire,
natural disasters, and unemployment, based on analysis of
statistical data and other pertinent information. Designs or
reviews insurance and pension plans and calculates premiums.
Ascertains premium rates required and money reserves and
liabilities necessary to ensure payment of future beneifts.
Determines equitable basis for distributing sruplus earnings
under participating insurance and annuity contracts in mutual
companies.
May specilaize in one type of insurance and be
designated Actuary, Casualty (profess. & kin.); Actuary, Life
(profess.
& kin.).
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Actuary
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