According to people in this career, the main tasks are...
| Task | Importance |
|---|---|
| Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits. | 90% |
| Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business. | 89% |
| Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates. | 88% |
| Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums. | 88% |
| Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public. | 85% |
| Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information. | 83% |
| Provide advice to clients on a contract basis, working as a consultant. | 76% |
| Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies. | 65% |
| Negotiate terms and conditions of reinsurance with other companies. | 65% |
| Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings. | 62% |
| Testify before public agencies on proposed legislation affecting businesses. | 61% |
| Determine policy contract provisions for each type of insurance. | 60% |
| Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person disabled or killed in an accident. | 53% |
| Explain changes in contract provisions to customers. | 48% |
| Manage credit and help price corporate security offerings. | 47% |
