JOB REPORT / 15-2011 · 15 TASKS

Actuaries.

Can AI do the work of Actuaries?

Mostly it works alongside you. Here is what shifts, task by task.

YOUR EXPERIENCE MATTERS

How does this fit your work?

How many tasks do you use AI to assist with at work?

Drag the dot. There’s no wrong answer; it starts at our estimate.

Starting pointOur estimate

The mark shows what’s typical for this job.

The parts of your job AI can already do most of:

Analyze statistical information to estimate mortality, accident, sickness, disability…
Construct probability tables for events
Ascertain premium rates required and cash reserves and liabilities…

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A guided certificate program in AI-assisted Actuaries work. It covers the 15 AI-affected parts of your job and ends in a capstone a person reviews.

WHAT WE LOOKED AT

Your job, task by task.

15 of 15 tasks reviewed

We went through all 15 core tasks in this job, one at a time.

Task by task, from the work Actuaries actually do. How we describe AI use in each task is our own read of it, not a measurement of whether AI can replace the job.

TASK 01
Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
AI DOES
Processes mortality tables, runs statistical models, and surfaces rate trends from large datasets
YOU DO
Apply professional judgment about which assumptions match real business and social context
TASK 02
Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
AI DOES
Cleans datasets, runs statistical models, and drafts initial probability distributions quickly
YOU DO
Judge which assumptions are sound, catch edge cases AI misses, and stand behind the final numbers professionally
TASK 03
Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
AI DOES
Runs calculations, builds projection models, flags assumption sensitivities, and drafts reserve estimates from historical data
YOU DO
Own the final assumptions, validate model logic against real-world risk, and sign off on regulatory filings
TASK 04
Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
AI DOES
Runs calculations, models risk scenarios, flags data anomalies, and drafts plan documents
YOU DO
Own the final judgment on plan soundness, regulatory compliance, and client-specific decisions
TASK 05
Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
AI DOES
Drafts plain-language summaries, builds slides, and flags key data points from complex reports
YOU DO
Own the room — read the audience, answer hard questions live, and earn stakeholder trust
TASK 06
Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
AI DOES
Runs dividend allocation models, stress-tests distribution formulas, and flags inequities across policyholder cohorts
YOU DO
Weigh competing fairness principles and own the final equity judgment
TASK 07
Explain changes in contract provisions to customers.
AI DOES
Drafts clear, simple summaries of complex contract changes in plain language
YOU DO
Read the customer's situation and decide what to emphasize
TASK 08
Manage credit and help price corporate security offerings.
AI DOES
Screens credit data, runs pricing models, and flags risk patterns in large datasets
YOU DO
Apply market intuition and client context to final pricing decisions
TASK 09
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.
AI DOES
Drafts reports, summarizes data, and models scenarios to prep for meetings
YOU DO
Lead the real conversations and build trust across teams
TASK 10
Testify before public agencies on proposed legislation affecting businesses.
AI DOES
Drafts testimony, summarizes relevant data, and flags key risk points
YOU DO
Show up in person, respond to live questions, and apply professional judgment under scrutiny
TASK 11
Negotiate terms and conditions of reinsurance with other companies.
AI DOES
Drafts term sheets, summarizes contract language, models pricing scenarios, and flags unusual clauses
YOU DO
Build trust with counterparties and make final judgment calls on acceptable risk and deal terms
TASK 12
Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person disabled or killed in an accident.
AI DOES
Crunches mortality tables, runs lifetime earnings models, and drafts supporting reports
YOU DO
Show up in court, answer tough questions live, and defend your reasoning under pressure
TASK 13SOURCE-BACKED TASK
Provide advice to clients on a contract basis, working as a consultant.
AI DOES
Researches background and suggests solution frameworks
YOU DO
Read the client and tailor your wisdom
About this analysis
20% · Methodology: exposure-v1 · Analysis date: unavailable · Confidence: medium
TASK 14SOURCE-BACKED TASK
Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
AI DOES
Analyzes market data and calculates risk metrics
YOU DO
Interpret context and make final calls
About this analysis
20% · Methodology: exposure-v1 · Analysis date: unavailable · Confidence: medium
TASK 15SOURCE-BACKED TASK
Determine policy contract provisions for each type of insurance.
AI DOES
Suggests standard clauses and coverage options
YOU DO
Choose what fits each client's risk
About this analysis
0% · Methodology: exposure-v1 · Analysis date: unavailable · Confidence: medium

START LEARNING AI

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Use your judgment.

There are 15 short lessons for this job, about 15 minutes each. Each one starts from a task above and teaches the part that stays with you.

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AT A GLANCE

Occupation: Actuaries
SOC code: 15-2011
Tasks reviewed: 15 of 15

How we assess

PAY & OUTLOOK

Compare pay by state

Median pay (national): $130,000 · BLS OEWS 2025
Median pay (Colorado): $120,440 · BLS OEWS 2025
Employed (national): 26,670
Employed in Colorado: 500
Job outlook: +21.8% by 2034 · ~2,400 openings/yr

Wages from the U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics. National figures cover the United States. Job outlook is national.

How does this fit your work?

Earn a certificate in your job

Your job, task by task.

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.

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.

Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.

Explain changes in contract provisions to customers.

Manage credit and help price corporate security offerings.

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.

Testify before public agencies on proposed legislation affecting businesses.

Negotiate terms and conditions of reinsurance with other companies.

Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person disabled or killed in an accident.

Provide advice to clients on a contract basis, working as a consultant.

Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.

Determine policy contract provisions for each type of insurance.

Practice AI.Use your judgment.

Practice AI.
Use your judgment.