Pension Examiner Question:
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What are the responsibilities of a property or casualty actuary?
Answer:
As a property or casualty actuary, responsibilities includes
☛ Conducting studies and analyzing of rates according to geographical area and type of insurance, such as homeowner rates or automobile rates
☛ Preparing materials or evidence that tells the changes in the rate for insurance is legitimate
☛ Developing plans for the company to enter a new line of insurance
☛ Conducting research on new statistical models and methods for estimating claims
☛ Conducting studies and analyzing of rates according to geographical area and type of insurance, such as homeowner rates or automobile rates
☛ Preparing materials or evidence that tells the changes in the rate for insurance is legitimate
☛ Developing plans for the company to enter a new line of insurance
☛ Conducting research on new statistical models and methods for estimating claims
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