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For this reason, actuaries are essential to the insurance and reinsurance industries, either as staff employees or as consultants; to other businesses, including sponsors of pension plans; and to government agencies such as the Government Actuary's Department in the United Kingdom or the Social Security Administration in the United States of ...
Commercial lines address the insurance needs of businesses and include property, business continuation, product liability, fleet/commercial vehicle, workers compensation, fidelity and surety, and D&O insurance. The insurance industry also provides coverage for exposures such as catastrophe, weather-related risks, earthquakes, patent ...
An actuary is a business professional who deals with a financial situation of risk and uncertainty. This is a list of notable actuaries and others who have influenced the profession. This is a list of notable actuaries and others who have influenced the profession.
An actuary works for financial companies and organizations, especially those in the insurance industry. To work as an actuary, you’ll need a strong background in numbers. The average annual ...
The Society of Actuaries (SOA) is a global professional organization for actuaries. It was founded in 1949 as the merger of two major actuarial organizations in the United States: the Actuarial Society of America and the American Institute of Actuaries. [1] It is a full member organization of the International Actuarial Association. [2]
In the retirement plan industry, Milliman provided services in actuarial consulting, consulting on compensation and care, retirement outsourcing, and others. [1] [2] During the 1950s, Milliman & Robertson established the first health insurance benchmarking tool for the US healthcare market.
The Casualty Actuarial Society (CAS) is a leading international professional society of actuaries, based in North America, and specializing in property and casualty insurance. [3] The two levels of CAS membership are Associate (ACAS) and Fellow (FCAS). Requirements for these levels of membership include a comprehensive series of exams. [4]
A 2010 memo from actuaries with the Centers for Medicare and Medicaid Services, or CMS, predicted that 15% of hospitals could even have to discontinue serving Medicare patients to remain in ...