Insurance & Actuarial Science

Insurance & Actuarial Science

Everybody needs insurance, whether they realise it or not.   

In Singapore, insurance is widely accepted. That is why I believe the penetration rate in Singapore could surpass 70% with some people holding up to three policies,” Ben Ng, CEO of AIA Bhd says. 

​In a sense, actuaries attempt to predict the future – not by gazing deep into a crystal ball, but by utilising mathematics, statistics, and theories of finance and risk to calculate and model the probability of future events. Actuaries develop creative solutions to mitigate negative outcomes and protect people and companies from potential harm.  

A report from the Institute and Faculty of Actuaries also suggests that the actuarial profession is continually growing and expanding. “Actuaries are still in short supply around the world and the demand for actuaries will continue to grow as the world expands into new territories, such as artificial intelligence. Actuaries will always be in demand because they are great risk managers and problem solvers.” 

Actuaries can typically change countries more easily than many other financial professionals because their main qualifications – such as the FIA, FSA and FIAA – are internationally recognised, although they also take further examinations to be admitted into their new country’s actuarial society. Most of their core skills are numerically, not regionally, focused.

Most industry analysts expect strong employment growth in the actuarial sector in the next decade, with employment projected to grow 20% from 2018 to 2028, much faster than the average for other occupations, according to figures from the Bureau of Labor Statistics. 

Insurance and Actuarial Jobs

Actuary, Corporate Actuarial
US$130000 - US$180000 per year, United States of America

What you'll be doing… You will be coordinating the implementation of issues with the valuation le...

Apply now
Actuarial Analyst
US$90001 - US$120000 per year, United States of America

A leading international Reinsurance group is looking to add a P&C Actuarial Analyst to their grow...

Apply now
Director, Life Valuation Actuary
US$135000 - US$165000 per year, New York

As a Life Valuation Actuary, you will play a critical role in assessing the financial risks and l...

Apply now
Senior Agriculture Product Manager
US$160000 - US$185000 per year, United States of America

Seeking a Senior Agriculture Product Manager: Join us to shape the future of commercial insurance...

Apply now
Senior Life Underwriter
US$90000 - US$140000 per year, United States of America

What you'll be doing… Assist in developing and implementing underwriting policies, guidelines, an...

Apply now
Manager, Product Management (Product Analysis)
US$175000 - US$200000 per year, United States of America

Seeking a Senior Commercial Lines Insurance Product Manager: Join us to shape the future of comme...

Apply now
Director, Modeling Actuary
Negotiable, Chicago

A growing life insurance company is building an actuarial team to support their Valuation Modelin...

Apply now
Senior Actuarial Analyst
Negotiable, United States of America

Sr Actuarial Analyst Company Summary: A top Property & Casualty Insurance Company is looking to a...

Apply now
Actuarial Specialist
Negotiable, United States of America

Actuarial Specialist Locations: Remote Salary: Flexible Company Summary: A nationally P&C insurer...

Apply now