Life insurance

This is a traditional area for actuaries, with the roles evolving as life insurance itself evolves. Classic roles include designing and pricing contracts, monitoring the funds required to provide the benefits promised, and recommending the bonuses to be added to with-profit policies. Nowadays, actuaries may also provide expert advice on investment, get involved in the planning and marketing of products, and advise on strategic risk measurement - and so be involved in almost any aspect of a company's activity.