Job description Insurance Actuary in the Gaspésie–Îles-de-la-Madeleine Region

Find out what work is like for an insurance actuary in Canada. This work description is applicable to all Mathematicians, statisticians and actuaries (NOC 21210).

Mathematicians, statisticians and actuaries

Description

Mathematicians and statisticians research mathematical or statistical theories, and develop and apply mathematical or statistical techniques for solving problems in such fields as science, engineering, business and social science. Actuaries apply mathematics, statistics, probability and risk theory to assess potential financial impacts of future events. Mathematicians, statisticians and actuaries are employed by universities, governments, bank and trust companies, insurance companies, pension benefit consulting firms, professional associations, and science and engineering consulting firms.

Job duties

Here are some of the main activities and tasks that Mathematicians, statisticians and actuaries have to perform, and some of the physical demands they involve:

  • Mathematicians
  • Conduct research to extend mathematical knowledge in traditional areas of mathematics such as algebra, geometry, probability and logic
  • Apply mathematical techniques to the solution of problems in scientific fields such as physical science, engineering, computer science or other fields such as operations research, business or management.
  • Statisticians
  • Conduct research into the mathematical basis of the science of statistics
  • Develop statistical methodology and advise on the practical application of statistical methodology
  • Apply statistical theory and methods to provide information in scientific and other fields such as biological and agricultural science, business and economics, physical sciences and engineering, and the social sciences.
  • Actuaries
  • Apply mathematical models to forecast and calculate the probable future costs of insurance and pension benefits
  • Design life, health, and property insurance policies, and calculate premiums, contributions and benefits for insurance policies, and pension and superannuation plans
  • May assist investment fund managers in portfolio asset allocation decisions and risk management. They also use these techniques to provide legal evidence on the value of future earnings.

Physical demands

Physical demands are the physical activities that the job requires the worker to do. Physical demands are selected according to the likeliness that workers will have to perform them for at least half of the time they spend at work.

Work environment

The work environment refers to the physical setting in which people work. The characteristics and conditions of the work environment are selected according to the likeliness that workers will be exposed to them at least once a week.

Physical proximity from others

Physical proximity from others refers to the physical distance between individuals in the workplace. The likeliness that the job requires to perform tasks while being physically close to other people is rated on a scale with 3 levels: "Somewhat close", "Close" and "Very close".

Related job titles

Here are some other related job titles that are found in the same occupational category (NOC 21210), and a list of similar occupations:

  • actuary
  • biostatistician
  • consulting actuary
  • demographer
  • insurance actuary
  • mathematician
  • statistical analyst
  • statistician

Similar occupations Help - Similar occupations

Similar occupations

This section lists other occupations that are part of the same broad occupational category as Mathematicians, statisticians and actuaries in the National Occupational Classification (NOC). These occupations involve similar core qualifications but involve different responsibilities. To see more similar occupations, use the Job Transition Tool.

Sources Occupational and Skills Information System & National Occupational Classification

Labour Market Information Survey
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