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I Am An Insurance Actuaries

2nd Hour Kaylie, Megan, Zack

Kaylie Clark

on 6 December 2012

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Transcript of I Am An Insurance Actuaries

I Am An...Insurance Actuary!!! And $42.14 Per Hour My occupation is responsible for analyzing the possible outcomes of the types of events that could potentially cause policyholders to make claims against their insurance policies. I analyze the financial costs of risk and uncertainty. The majority of Actuaries work in the insurance industry, and in particular in the life, health, and property/casualty branches. I can make up to $87,650 Per Year. And $42.14 Per Hour I use mathematics, statistics, and financial theory to obtain the risk that an event will occur. I also help businesses and clients develop policies that minimize the cost of that risk. I received my bachelor’s degree and passed a series of exams to become a certified professional to be able to work in this field. I also had to work hard in my mathematics, statistics, and business classes. You have to have strong background in mathematics, statistics, and business. I also looked into classes such as, accounting, economics and finance. Some colleges even offered a degree in Actuarial Science. But what’s most important is an ability to work with figures and basic business knowledge. I would usually work at a office type area but, i also go out and meet my clients too. Other occupations that are similar to my mine is a accountant, a budget analyst, and a economist. The job is suppose to increase faster than average. They're predicting it to grow 27% from 2010 to 2020. With my occupation I can join a couple professional organizations. For example the International Actuarial Association (IAA), or The Society of Actuaries (SOA). I have researched jobs for this field all over the US. And one i came upon was an Assistant Actuary for Allstate. The job is located in Northbrook, Illinois.
They are looking for someone who is ready for a front-line manager position. The person will be responsible for designing, developing, managing and leading projects in support of pricing personal insurance lines of business utilizing accepted actuarial standards and methodologies. The worker will work closely with State Managers to develop appropriate pricing and product strategies of moderate to high complexity to support business goals. They will typically has five to six years of actuarial pricing experience. Thank You for watching our Presentation.
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