Actuary Questions and Answers

What are the responsibilities of a property or casualty actuary?

As a property or casualty actuary, responsibilities includes

  • Conducting studies and analyzing of rates according to geographical area and type of insurance, such as homeowner rates or automobile rates
  • Preparing materials or evidence that tells the changes in the rate for insurance is legitimate
  • Developing plans for the company to enter a new line of insurance
  • Conducting research on new statistical models and methods for estimating claims