Mention what are the responsibilities of a property or casualty actuary?
As a property or casualty actuary, responsibilities includes
- Conducting studies and analyzing of rates according to geographical area and type of insurance, such as homeowner rates or automobile rates
- Preparing materials or evidence that tells the changes in the rate for insurance is legitimate
- Developing plans for the company to enter a new line of insurance
- Conducting research on new statistical models and methods for estimating claims