This is by no means an exhaustive list, but it covers a few of the duties expected of an entry level actuarial position. At this level, an actuary is expected to learn to review and analyze insurance company reports to determine sufficiency of premium reserves, adequacy of rates and rating plans, and soundness of insurance benefits and coverages. The actuary is also expected to review annual reports of insurance companies, summarizing company operations and activities.
The actuary learns to perform detailed analysis of insurance forms, contracts, and sales material used by insurance companies. Learns to perform detailed actuarial calculations on allowable insurance rates, values, and benefits. Tasks include determining legal compliance of annuity, joint life, and other insurance policies developing cash value through the use of actuarial formula. An actuary prepares and maintains a variety of routine to complex records and reports including statistical data, actuarial and mathematical analytic reports, and accompanying written narrative.
