What is an insurance actuary?

An insurance actuary helps insurance companies determine investment risks and keep enough money in reserve to pay potential insurance claims.

What does a life actuary do?

Life actuaries, which includes health and pension actuaries, primarily deal with mortality risk, morbidity risk, and investment risk. Products prominent in their work include life insurance, annuities, pensions, short and long term disability insurance, health insurance, health savings accounts, and long-term care insurance.

What are actuary principles?

Actuarial principles that relate to all types of insurance include: Risk pooling. Law of large numbers. Moral hazard. Adverse selection. Insurable events. Actuarial soundness. Risk classification. Like state insurance regulators, actuaries have an obligation to serve in the public interest by considering the following: Insurance company solvency.