Hire an Actuarial Consultant
Calculate insurance risks and assessments is known as an actuary. They are professionals who offer actuarial services to individuals and businesses. Thus, an actuarial consultant is essentially a statistician, who uses different statistical models to assess insurance related risks and advises the client.
What Actuarial Consultants Do?
Actuarial consultants are experts at numbers and they analyze statistical data to assess risks and uncertainties associated with the business. They study current market trends and predict economic uncertainties by calculating future trends. They use their expertise to frame policies and decide premiums of different insurance policies.
They analyze potential risks and frame policies and thus, their role is similar to that of analytics experts. However, analytics consultants are mainly involved in data analysis and in implementing analytical business solutions to increase profitability.
Broadly, actuaries are divided into five types – insurance, pension, finance and investment, risk, and resource and environment:
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Insurance actuaries work in life, healthcare and general insurance companies to frame schemes and policies;
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Pension actuaries help draw various pension schemes;
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Finance and investment actuaries analyze risks associated with stock market elements such as bonds and equities;
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Risk actuaries analyze risks for a particular enterprise or company to evaluate whether or not the business risks are worth taking;
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Resource and environment actuaries work to assess environmental risks in the light of the global environment.
Thus, independent actuarial consultants are seen working across businesses and industries.
When looking to hire an actuarial consultant, make sure your freelancer can:
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Anticipate risks and develop policies to tackle them.
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Liaise with other related professionals like accountants, underwriters and financers to develop a scheme.
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Research the applicable accounting scenario, make recommendations and write reports.
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Work independently, as well in a team.
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Be willing to meet sales calls and be on the field.
Qualifications of an Actuarial Consultant
It is ideal that your freelancer has the following skills:
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Professional education in Actuarial Science or related analytical field
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Aptitude towards mathematics, numbers, statistics and ability to think analytically
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Certification and valid license to practice where needed
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Basic computer programming skills and knowledge of statistical analysis tools
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Ability to think analytically
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Excellent analytical skills
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Exceptional interpersonal skills and presentation skills
There are all kinds of actuarial consultants available for hire on Guru –the best website to hire freelancers. When hiring independent actuarial consultants, be sure to check their certifications and credentials.
Benefits of Actuarial Consultant
Hire an actuarial consultant and get work done:
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Actuarial consultants develop schemes that are competitive yet profitable to the company.
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They develop products and services and thus increase the earning potential of the organization.
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Through their prompt and expert advice, businesses are able to save both money and effort.
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They review each scheme in depth and ensure that there are no loopholes in it.
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Find and hire talented Actuarial Consulting Freelancers on Guru- top freelance website. Post a job for free.