What does an Actuarial Analyst do?

Actuarial analysts use statistical models to analyze data and assess risk. They are employed in many industries, particularly in insurance, to utilize their knowledge and skills to design and price insurance policies. Actuarial analysts use advanced statistics and modeling to understand data and assist actuaries. They produce reports on findings and identify liabilities and risks. They also identify trends and methods for designing and pricing insurance policies while verifying data sources and identifying new sources of data.

Actuarial analysts develop financial projections, cost-benefit analysis, and insurance plans using statistics, modeling, and risk management strategies. Many actuarial analysts present their data and analysis directly to decision-makers within organizations, including executive leadership and management personnel, to answer questions about particular forecasts or models. Actuarial analysts need a minimum bachelor's degree in mathematics, statistics, or actuarial science.

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Work/Life Balance
3.8 ★
Salary Range--
Career Opportunity
3.8 ★
Avg. Experience0-1 Year

Actuarial Analyst Salaries

Average Base Pay

$68,666 /yr
Same as national average
Not including cash compensation
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Median: $69K
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Glassdoor Estimated Salary

Actuarial Analyst Career Path

Learn how to become an Actuarial Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Actuarial Analyst Insights

Read what Actuarial Analyst professionals have to say about their job experiences and view top companies for this career.
Actuarial Associate
Jan. 27, 2021

“The people are intelligent and amazing to work with.”

Farm Mutual Reinsurance PlanFarm Mutual Reinsurance Plan
Actuarial Analyst Intern
Jan. 9, 2021

“People are nice and friendly.”

Independence Blue CrossIndependence Blue Cross
Actuarial Analyst
Apr. 19, 2021

“Excellent work and life balance”

Panin Dai-ichi LifePanin Dai-ichi Life
Actuarial Analyst
Sep. 1, 2021

“slow career growth and progress”

Willis Towers WatsonWillis Towers Watson
Actuarial Analyst
Jun. 9, 2021

“Good learning and development ops.”

Prudential Assurance Hong KongPrudential Assurance Hong Kong
Senior Actuarial Analyst
Feb. 5, 2020

“Good for future career if want to develop solid foundation”

Health & Benefits Actuarial Analyst
Sep. 5, 2019

“Good for health & benefits career development”

Actuarial Analyst
Feb. 24, 2020

“Good people to work with”

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Actuarial Analyst Interviews

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