What types of Actuaries are there?
Those entering the actuarial field can choose to specialize in various areas, including property-casualty, health, life, and pension. The field that an actuary chooses to work in will affect the exams they will take and the companies they will be working in. In addition to specialized fields, actuaries can also choose the type of company to work in, including insurance companies and consulting firms. The atmosphere and the nature of work varies quite a bit between these two areas: Insurance companies About half of all actuaries work for insurance companies. Most of these work for life and health insurers, but a growing percentage are working for auto and property insurers. Actuaries who work for insurance companies perform many duties, including data research and setting premium rates. Consulting firms About one third of all actuaries work for consulting firms. Most of these actuaries deal with employee benefits and perform duties such as advising corporations how to manage their pensi
