This information allows Actuaries to design and evaluate insurance, annuity, and pension plans.
Actuaries specialize in either life and health insurance, or in property and casualty insurance.
Many Actuaries work for large insurance companies and government agencies concerned with employee retirement pension programs. However, a growing number of Actuaries work as independent contractors for small insurance firms, unions, or brokers. Determine the amount of cash reserves needed to assure payments of benefits Work closely with programmers, underwriters, accounts, claims experts, and senior management Actuaries must keep up with legislative, economic, social, medical, and other trends that affect insurance practices. Most Actuaries are based in headquarters offices and work in office environments common to banks and insurance companies. Independent Actuaries work in their own offices, but are likely to spend much of their time in the field with clients.