Core

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