Actuaries have traditionally worked in life insurance, and their role and responsibilities have evolved as life insurance itself has developed external relations.

Their traditional areas of activity include designing and pricing contracts, monitoring the adequacy of the funds to provide the promised benefits and recommending the fair rate of bonuses to be added to with-profit policies.

Nowadays, actuaries employed by life insurance companies may also provide expert advice on investment, planning and marketing of products, strategic risk measurement and almost any aspect of the work of the company. The Life Assurance Practice Executive Committee oversees the profession's concern with all actuarial matters related to life insurance business.

For enquiries about the work of the Life Assurance Practice Executive Committee, contact the Practice Manager, Pauline Simpson on +44 (0)1865 268237, or at pauline.simpson@actuaries.org.uk