This page sets out the value that actuaries can bring to 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.