Actuaries

Typical job duties performed with this occupation include:

TASK DUTIES
Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
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.
Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
Determine or help determine company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
Determine policy contract provisions for each type of insurance.
Explain changes in contract provisions to customers.
Manage credit and help price corporate security offerings.
Provide advice to clients on a contract basis, working as a consultant.
Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
Testify before public agencies on proposed legislation affecting businesses.
Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person who is disabled or killed in an accident.
Negotiate terms and conditions of reinsurance with other companies.
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*Note: Not all occupations will have a full list of Task Duties or associated programs

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Training for this occupational program or those in a similar family of programs can be located at the following postsecondary institutions in the State of Kansas. Please check with a program advisor at the postsecondary institution for more information on the particular focus of each program listed. Programs nearest the local area appear first. Click on the program to find more information.

INSTITUTION NAME	CITY	INSTITUTION TYPE	PROGRAM TITLE	AWARDS	HOURS
Kansas State University	Manhattan	Public	STATISTICS AND DATA SCIENCE	Bachelor Degree - BS	120
Kansas State University	Manhattan	Public	STATISTICS AND DATA SCIENCE	Bachelor Degree - BA	120

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