Work content of life insurance actuary
1. By collecting and sorting out the data, this paper analyzes the probability of insurance accidents in life insurance by using the method of mathematical statistics.
2. Determine the policy price according to age, gender, occupation, current bank interest rate and expense rate, and calculate the insurance premium rate that the insured should pay.
3, estimate the amount of insurance, timely adjust the insurance rate and insurance amount, increase the attractiveness and competitiveness of insurance products.
4. Design insurance clauses by investigating people's demand for insurance.
5. Evaluate the company's investment to ensure the safety and profitability of the investment.
6. Participate in the company's development planning and provide suggestions for the company's development.
Employment prospects of life insurance actuaries
Life insurance actuaries have good employment prospects. With the rapid development of China's life insurance business, the training of actuaries has received due attention, but the actuaries in China are in a state of extreme shortage, so the employment situation is very good. The actuary's salary is very high, millions are possible, but it also needs rich work experience and professional counterpart certificates, so everyone needs to take the relevant professional certificates.
What certificate does a life insurance actuary need to take?
Life insurance actuaries need to take an actuarial certificate, which is the best stepping stone to engage in actuarial industry. Actuaries are divided into quasi-actuarial certificate and actuarial certificate. Among them, quasi-actuaries study mathematics, financial mathematics, economics, actuarial models, actuarial management, life insurance actuarial, non-life insurance actuarial and accounting and finance.
Actuarial science includes insurance law and related regulations, financial management of insurance companies, health insurance, investment, actuarial practice of personal life insurance and annuity, asset-liability management, employee welfare plan, actuarial practice of non-life insurance, pricing of non-life insurance and evaluation of non-life insurance liability reserve.