Actuaries
Official O*NET title: Actuaries (15-2011.00)
Also called: actuarial analyst, actuarial associate, actuarial consultant, actuary, consulting actuary
Do you do this at work?
Answer each card — it takes about a minute.
Do you do this at work?
Provide advice to clients on a contract basis, working as a consultant
Swipe right for yes, left for not me. On a keyboard: → yes, ← not me, Z undo. +2 XP per answer.
How AI is changing actuaries work
5 of 11 measurable main tasks for this job show up in real AI-use data, so we rate it Amber (some AI use) — 45%. 1 newer task is not in the data yet and left out.
This shows where people already use AI, not whether the job will disappear. How we measure this.
Tasks in this job and recorded AI use
- Provide advice to clients on a contract basis, working as a consultant (main task) — a lot of recorded AI use
- Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings (main task) — some recorded AI use
- Determine policy contract provisions for each type of insurance (main task) — some recorded AI use
- Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums (main task) — some recorded AI use
- Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public (main task) — some recorded AI use
- Analyze data to determine premium rates required and cash reserves and liabilities necessary to make sure payment of future benefits (main task) — too new for the AI data
- Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates (main task) — no recorded AI use
- 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 (main task) — no recorded AI use
- Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information (main task) — no recorded AI use
- Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies (main task) — no recorded AI use
- Negotiate terms and conditions of reinsurance with other companies (main task) — no recorded AI use
- Testify before public agencies on proposed legislation affecting businesses (main task) — no recorded AI use
- Explain changes in contract provisions to customers — some recorded AI use
- Manage credit and help price corporate security offerings — no recorded AI use
- 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 — no recorded AI use
Tasks: O*NET 31.0. AI use: Anthropic Economic Index (exact or close text match).
Your first steps (guidance)
- Week 1: Open a free AI assistant and say hello. Follow our “Getting started with AI” guide. Ask it one simple question about your work.
- Week 2: Use AI on one task you do often. Try the prompt for: “Provide advice to clients on a contract basis, working as a consultant”. Try the prompt for: “Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings”.
Tick your own tasks above to get a plan based on what you really do. The first 2 weeks are free; Premium (coming soon) adds weeks 3–12. New to AI? Read our beginner’s guide.
Questions about AI and actuaries
Will AI replace actuaries?
Our data can’t predict job losses, and we don’t try to. What it does show: 5 of the 12 main tasks for this job match tasks people already use AI for (Anthropic Economic Index), giving a Amber rating (some AI use). Using AI on a task is not the same as AI doing the whole job, and 8 of the 15 listed tasks show no recorded AI use yet.
Which actuary tasks is AI used for most?
In the data, the most AI use among this job’s tasks is for: 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.
Which actuary tasks show little or no AI use?
For example: analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates; 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; construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information. These are good places to keep building your own skills.
How does this job compare to others?
In Microsoft Research’s “Working with AI” study, this job’s AI applicability score is equal to or higher than 55% of the occupations they scored. That measures overlap with AI chat use, not risk of job loss.
How can a actuary start learning AI?
Start small: open a free AI assistant, try it on one task you do often, and always check facts and numbers yourself. The plan on this page is guidance, not professional advice.
See how this job ranks
Actuaries ranks #154 of 572 jobs for the share of main tasks with AI use (#1 = most), and #25 of 30 in Tech.
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