Actuaries will analyse statistics relating to factors such as death, illness and accident, as well as current trends in the economy, to design new types of life insurance and superannuation policies and determine appropriate premiums or contributions and rates of return by calculating the future probabilities of events such as unemployment, illness or changes in interest rates. They will ensure insurance companies have sufficient financial reserves to meet claims and advise companies on investment policy and the distribution of profits to policyholders. They will undertake financial projections for, and measure and analyse the investment performance of, life insurance companies, financial institutions and government organisations and also provide advice to potential buyers or sellers of companies.
Avg Salary
Australia  $175,061 AUD
United Kingdom  £96,000 GBP
United States of America  $97,776 USD
New Zealand  $147,250 NZD
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