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.
<ul><li>Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.</li><li>Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.</li><li>Determine or help determine company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.</li><li>Provide advice to clients on a contract basis, working as a consultant.</li><li>Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.</li><li>Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.</li><li>Negotiate terms and conditions of reinsurance with other companies.</li><li>Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.</li><li>Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.</li><li>Testify before public agencies on proposed legislation affecting businesses.</li><li>Determine policy contract provisions for each type of insurance.</li><li>Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person who is disabled or killed in an accident.</li></ul>