Insurance Actuary
ほけんけいりにん
Industry & Occupation
Classification
Summary
A professional who uses actuarial techniques for pricing insurance products, calculating reserves, and managing risks.
Description
Insurance actuaries utilize specialized knowledge in statistics, probability theory, financial mathematics, etc., to calculate premiums, evaluate contract reserves, and build risk management models. They target insurance products such as life insurance and non-life insurance to predict future benefit payments and risks, maintaining the profitability and financial soundness of insurance companies. They are also well-versed in the latest laws and regulations and market trends, handling reports to management and external audits.
Future Outlook
Amid advancements in AI and big data utilization, demand for insurance actuaries with advanced mathematical skills is expanding. Risk management needs are also growing due to strengthened regulations.
Personality Traits
Has a strong sense of responsibility / Has curiosity and inquisitiveness / Has logical thinking / Is cautious and precise
Work Style
Career Path
Analyst → Senior Analyst → Assistant Actuary → Actuary → Risk Management Department Head
Required Skills
Actuarial Science / Excel (Advanced) / Financial Mathematics / Probability and Statistics / Statistical Analysis
Recommended Skills
BI Tools / Database Management / Reading English Papers / SQL
Aptitudes (Strengths Preferred)
| Item | Description |
|---|---|
| Analytical & Logical Thinking | Ability to understand and build complex mathematical models is required. |
| Attention to Detail & Accuracy | Because small errors can significantly impact financial soundness. |
| Learning Agility & Knowledge Acquisition | Continuous learning is required to adapt to changes in laws, regulations, and the financial environment. |
| Numerical & Quantitative Analysis | Advanced mathematical and statistical analysis skills are essential. |
| Problem Solving | Because it is necessary to evaluate unknown risk factors and conduct scenario analysis. |
Aptitudes (Weaknesses Acceptable)
| Item | Description |
|---|---|
| Physical Stamina & Endurance | Mainly desk work. |
Related Qualifications
- Actuary Examination by the Institute of Actuaries of Japan
Aliases
- Actuary
Related Jobs
- Financial Analyst
- Insurance Underwriter
- Risk Management Specialist