Definition of Occupation

Uses mathematical and statistical analysis to design insurance plans, employee benefit programs or pension plans. Evaluates financial risks, determines premium rates, calculates required financial liabilities and estimates probable future claims. Specializations in insurance include property and casualty (including workers' compensation), life (including annuities) or health. May specialize in pensions, employee benefits or financial management. Can work for insurance companies, consulting firms, banks, brokerage firms, federal or state government agencies.