(NOC 2161)

Career Description

Actuaries apply mathematics, probability, statistics and risk theory to calculate future risks for insurance, annuity premiums and benefits.

Duties May Include

Actuaries apply mathematical models to forecast and calculate the probable future costs of insurance and pension benefits. They design life, health, and property insurance policies, and calculate premiums, contributions and benefits for insurance policies, pension and superannuation plans. They may assist investment fund managers in portfolio asset allocation decisions and risk management. They also use these techniques to provide legal evidence on the value of future earnings.

Examples of Titles

Actuarial Analyst
Actuarial Assistant
Consulting Actuary
Insurance Actuary
Life Actuary

Here are some schools that have programs related to this career:

Rotman School of Management - University of Toronto
Toronto, Ontario, CA

Related Program(s):
Financial Risk Management Master
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University of Waterloo
Waterloo, Ontario, CA

Related Program(s):
Actuarial Science Bachelor; Co-op; Honours
Actuarial Science Bachelor; Honours
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Carleton University
Ottawa, Ontario, CA

Related Program(s):
Actuarial Science Bachelor; Honours
Actuarial Science Bachelor; Co-op; Honours
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University of Regina
Regina, Saskatchewan, CA

Related Program(s):
Actuarial Science Bachelor
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Concordia University
Montreal, Qu├ębec, CA

Related Program(s):
Actuarial Mathematics/Finance (BA, BSc) Bachelor; Co-op
Actuarial Mathematics (BA, BSc) Bachelor; Co-op; Honours
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Modified on July 10, 2012