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What is an insurance actuary?

An insurance actuary helps insurance companies determine investment risks and keep enough money in reserve to pay potential insurance claims.

What does a life actuary do?

Life actuaries, which includes health and pension actuaries, primarily deal with mortality risk, morbidity risk, and investment risk. Products prominent in their work include life insurance, annuities, pensions, short and long term disability insurance, health insurance, health savings accounts, and long-term care insurance.

What is actuarial science?

The name of the corresponding field is actuarial science which covers rigorous mathematical calculations in areas of life expectancy and life insurance. These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills.

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