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Careers in General Insurance
Actuary

Actuary

A mathematician employed by an insurance company to calculate premiums, reserves, dividends, pension and annuity rates using risk factors obtained from experience tables. An actuary is a highly trained specialist who provides statistical information and is the main person responsible for all technical aspects of the insurance and insurance-related fields, particularly in actuarial liabilities and calculations to analyse and solve complex business and social problems involving insurance to employee benefit programs.