Actuary

Salary Range for Actuary in Agencies Brokerages and Other Insurance Related Activities

Salary range for Actuary in Agencies Brokerages and Other Insurance Related Activities varies from $100,000 to $200,000 per year.

Sample Job Description for Actuary in Agencies Brokerages and Other Insurance Related Activities Industry

Job Objective:

Actuaries Are Responsible For Managing The Financial Risks Of Insurance Companies And Other Businesses. The Job Objective Of An Actuary Is To Analyze And Interpret Data To Evaluate Financial Risks And Help Businesses Make Informed Decisions.

Job Requirements:

1. Bachelor'S Degree In Mathematics, Statistics, Or A Related Field. 2. Strong Analytical And Problem-Solving Skills. 3. Excellent Communication And Interpersonal Skills. 4. Knowledge Of Financial And Insurance Industry Regulations. 5. Proficiency In Computer Programming Languages Such As R, Python, And Sql. 6. Certification From The Society Of Actuaries Or The Casualty Actuarial Society. 7. Ability To Work Independently And As Part Of A Team. 8. Attention To Detail And Accuracy. 9. Ability To Manage Multiple Projects And Meet Deadlines. 10. Strong Background In Probability Theory And Statistical Analysis.

Job Responsibilities:

1. Analyzing And Interpreting Data To Determine Financial Risks. 2. Developing And Implementing Financial Models And Forecasting Tools. 3. Collaborating With Underwriters And Other Professionals To Assess And Manage Risks. 4. Developing And Recommending Strategies To Minimize Financial Risks. 5. Conducting Research And Analyzing Market Trends To Inform Business Decisions. 6. Communicating Complex Financial Information To Non-Technical Stakeholders. 7. Providing Guidance And Training To Junior Actuaries And Other Staff. 8. Staying Up-To-Date With Industry Regulations And Best Practices. 9. Building And Maintaining Relationships With Clients And Stakeholders. 10. Contributing To The Development Of New Products And Services.

Top 10 Employers for Actuary in Agencies Brokerages and Other Insurance Related Activities:

1. Aon - London, UK - https://www.aon.com/ 2. Willis Towers Watson - London, UK - https://www.willistowerswatson.com/ 3. Marsh & McLennan Companies - New York, USA - https://www.mmc.com/ 4. Allianz - Munich, Germany - https://www.allianz.com/ 5. AXA - Paris, France - https://www.axa.com/ 6. Zurich Insurance Group - Zurich, Switzerland - https://www.zurich.com/ 7. Swiss Re - Zurich, Switzerland - https://www.swissre.com/ 8. Munich Re - Munich, Germany - https://www.munichre.com/ 9. Chubb Limited - Zurich, Switzerland - https://www.chubb.com/ 10. Berkshire Hathaway Specialty Insurance - Boston, USA - https://www.bhspecialty.com/

Career Path for Actuary in Agencies Brokerages and Other Insurance Related Activities:

1. Bachelor's Degree in Mathematics, Statistics, or a related field - Entry-level Analyst 2. Associate of the Society of Actuaries (ASA) - Actuarial Analyst 3. Fellow of the Society of Actuaries (FSA) - Senior Actuarial Analyst 4. Vice President - Actuarial Manager 5. Senior Vice President/Chief Actuary - Chief Actuary Recommended number of years in each position: 1. Entry-level Analyst - 1-2 years 2. Actuarial Analyst - 2-3 years 3. Senior Actuarial Analyst - 3-4 years 4. Actuarial Manager - 5-7 years 5. Chief Actuary - 10+ years

Top 5 Countries by Actuary in Agencies Brokerages and Other Insurance Related Activities:

1. United States 2. United Kingdom 3. Canada 4. Australia 5. Switzerland

Top 5 Countries with Established Agencies Brokerages and Other Insurance Related Activities:

1. United States 2. United Kingdom 3. Japan 4. Germany 5. France