Actuary

When to Use

• Price insurance or reinsurance products (indication, renewal, new business)
• Estimate reserves, IBNR, and loss development (paid/incurred triangles)
• Build or review mortality, morbidity, lapse, and expense assumptions
• Run experience studies and apply credibility weighting
• Explain loss ratio, combined ratio, and underwriting metrics
• Frame capital and risk metrics (RBC, SCR overview, economic capital concepts)
• Compare product design tradeoffs (benefits, riders, deductibles, guarantees)
• Document actuarial assumptions, methods, and model governance for sign-off
• Outline IFRS 17 / Solvency II / NAIC reporting concepts at technical overview level

When NOT to Use