Actuaries
SOC: 15-2011.00 · Job Zone 4 (Considerable preparation)
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.
AI Impact Summary
Actuaries faces moderate AI displacement risk with a score of 33/100. Significant displacement is estimated between 2041 and 2051. Of 15 analyzed tasks, 1 are highly automatable, particularly in routine_cognitive. Strong protective factors — including social intelligence, creativity, or regulatory barriers — significantly reduce effective risk.
Wage & Employment (2024)
Median Wage
$125,770
per year
Mean Wage
$134,990
per year
Employment
28K
workers
Wage Range
$75,240 - $206,430
10th - 90th pct
Wage Distribution
Protective Factors
Total protective discount: 24.3%
Skill Analysis
AI-Vulnerable Skills (6)
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Reading Comprehension is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Information Ordering is a risk area. Consider developing complementary AI-resistant skills to maintain value.
Memorization is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
Programming is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
AI-Resistant Skills (7)
Complex Problem Solving is AI-resistant — strengthening this skill provides durable career protection.
Instructing is AI-resistant — strengthening this skill provides durable career protection.
Negotiation is AI-resistant — strengthening this skill provides durable career protection.
Persuasion is AI-resistant — strengthening this skill provides durable career protection.
Coordination is AI-resistant — strengthening this skill provides durable career protection.
Social Perceptiveness is AI-resistant — strengthening this skill provides durable career protection.
Manual Dexterity is AI-resistant — strengthening this skill provides durable career protection.
AI-Augmented Skills (5)
Recommendations
Skills to Develop
These skills are at risk from AI automation. Actuaries professionals should diversify beyond them.
- Mathematics
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Mathematics
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Reading Comprehension
High reliance on Reading Comprehension is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Information Ordering
High reliance on Information Ordering is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Memorization
Memorization is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
Skills to Leverage
These human-centric skills remain difficult for AI to replicate. Double down here.
- Complex Problem Solving
Complex Problem Solving is AI-resistant — strengthening this skill provides durable career protection.
- Instructing
Instructing is AI-resistant — strengthening this skill provides durable career protection.
- Negotiation
Negotiation is AI-resistant — strengthening this skill provides durable career protection.
- Persuasion
Persuasion is AI-resistant — strengthening this skill provides durable career protection.
- Coordination
Coordination is AI-resistant — strengthening this skill provides durable career protection.
Tools to Adopt
AI can amplify these skills. Learn the tools that augment rather than replace your work.
- Critical Thinking
Critical Thinking will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Judgment and Decision Making
Judgment and Decision Making will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Systems Analysis
Systems Analysis will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Writing
Writing will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Active Learning
Active Learning will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
Task Breakdown
15 tasks analyzed
Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
Determine or help determine company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
Provide advice to clients on a contract basis, working as a consultant.
Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
Negotiate terms and conditions of reinsurance with other companies.
Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
Testify before public agencies on proposed legislation affecting businesses.
Determine policy contract provisions for each type of insurance.
Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person who is disabled or killed in an accident.
Manage credit and help price corporate security offerings.
Explain changes in contract provisions to customers.
| Task | Category | AI Capability | Risk Score | Time % |
|---|---|---|---|---|
| Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits. | Non-Routine Analytical | 70 | 55.0 | 15% |
| Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums. | Non-Routine Analytical | 65 | 53.0 | 12% |
| Determine or help determine company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public. | Non-Routine Interpersonal | 20 | 23.0 | 10% |
| Provide advice to clients on a contract basis, working as a consultant. | Non-Routine Interpersonal | 20 | 23.0 | 8% |
| Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates. | Non-Routine Analytical | 70 | 55.0 | 12% |
| Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information. | Non-Routine Analytical | 70 | 55.0 | 10% |
| Negotiate terms and conditions of reinsurance with other companies. | Non-Routine Interpersonal | 20 | 23.0 | 5% |
| Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business. | Non-Routine Interpersonal | 25 | 25.0 | 8% |
| Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies. | Non-Routine Analytical | 50 | 47.0 | 4% |
| Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings. | Non-Routine Analytical | 65 | 53.0 | 5% |
| Testify before public agencies on proposed legislation affecting businesses. | Non-Routine Interpersonal | 15 | 21.0 | 2% |
| Determine policy contract provisions for each type of insurance. | Routine Cognitive | 80 | 81.2 | 3% |
| Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person who is disabled or killed in an accident. | Non-Routine Interpersonal | 10 | 19.0 | 2% |
| Manage credit and help price corporate security offerings. | Non-Routine Analytical | 65 | 53.0 | 2% |
| Explain changes in contract provisions to customers. | Non-Routine Interpersonal | 30 | 27.0 | 2% |
Community Assessment
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