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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.
People in this career work in these sectors.
What you can expect to experience while on the job
Employment of actuaries is projected to grow 21 percent from 2021 to 2031, much faster than the average for all occupations. About 2,400 openings for actuaries are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
Read More$105,900
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Skills helpful in this career