An Actuary earns an average salary of $128,000 per year.

$100,719 - $194,421
$130K
MEDIAN: $128,000
50%

Job Description for Actuary

Actuaries play a key role in insurance companies by serving as analysts who help determine whether the company should issue an insurance policy and what the premium for that policy should be. They use a great deal of statistical analysis in their work, as they examine huge amounts of data related to costing and trends. Insurance companies must always maintain their financial health, and the role of the actuary is to manage risk in the delicate balance between issuing policies (and the costs paid for them) and the exposure to financial risk for the company.

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Actuary Tasks

  • 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 premium rates required and cash reserves necessary to ensure payment of future benefits.

Actuary Job Listings

Key Stats for Actuary

1-4 years
25%
5-9 years
63%
10-19 years
13%

Years of Experience

1-4 years
25%
5-9 years
63%
10-19 years
13%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 33%
vision benefits
Vision: 17%
no benefits
None: 17%