CONTENT LIBRARY

How Much Do Actuaries Make?

As we know professionals who become actuaries and grow in their careers are distinctive individuals. They love applying their talent with statistics, calculations and analysis to solve problems in ways that seek the best outcome. They also draw upon informed imagination to establish scenarios that help to minimize risk and expense. In these ways, actuaries contribute to smarter risk management and stronger economic growth. Businesses – particularly insurance companies – depend on them for operational stability and liability containment. Through

CONTINUE READING

When Actuaries Switch Sectors

Actuaries are part of a steadily growing profession that thrives and changes further each year. The industry’s sectors and its professionals’ interests are always transforming. In the early years, actuaries typically started out in the life insurance sector, but they have since been expanding into areas such as health insurance, property/casualty, risk management and employer-based pensions. Actuarial positions have also branched out into consultancy, finance and investment, and academia. Recognizing When It Might Be Time Few professions can claim a

CONTINUE READING

Actuary Outlook

What Actuaries Do Actuaries use math, insights, and monetary hypothesis to analyze risk. Actuaries typically work for with insurance organizations. Most work in office settings. Actuaries normally need a four year degree to enter the occupation and work through a progression of tests to become certified. A foundation of business, statistics, and mathematics is essential. Average compensation for actuaries is currently $124,000 a year. (May 2020 Glassdoor) Actuarial opportunities is projected to grow 24% from 2020 to 2030, a lot

CONTINUE READING

What Are the Opportunities for Advancement for an Actuary?

Professional actuaries are important to businesses because of their ability to use mathematics, statistics and financial theory to assess the economic costs of risk and uncertainty. In doing so, they can create solutions to manage those exposures. Most actuaries work for insurance companies, but they are also increasingly employed in other specializations such as marketing, finance and investment, academia, and product development. Few job markets can claim a more positive long-term outlook than this one. Today’s actuaries have excellent opportunities

CONTINUE READING

A call to arms for a global pandemic

COVID-19 continues to have a devastating effect on millions of people. The approval of vaccines brought renewed hope for a return to normality in 2021, but with demand far outstripping supply, the gap between rich and poor countries has widened even further. In addition to the humanitarian case for investing in vaccination of emerging nations, there is a strong economic incentive to support a collective pandemic recovery. A study produced by the US National Bureau of Economic Research concluded that

CONTINUE READING