Health Actuary Overview
Required Education and Training To Become a Health Actuary
Best Schools to become a Health Actuary in U.S. 2024
Stony Brook University
In-State Tuition:$7,070
Out-of-State Tuition:$24,990
Admission Rate:49%
Graduation Rate:78%
Total Enrollment:25,710
The University of Texas at Austin
In-State Tuition:$11,698
Out-of-State Tuition:$41,070
Admission Rate:31%
Graduation Rate:88%
Total Enrollment:52,384
University of California-Irvine
In-State Tuition:$11,564
Out-of-State Tuition:$41,636
Admission Rate:21%
Graduation Rate:87%
Total Enrollment:35,937
University of Chicago
In-State Tuition:$61,179
Out-of-State Tuition:$61,179
Admission Rate:5%
Graduation Rate:96%
Total Enrollment:18,339
University of California-Santa Barbara
In-State Tuition:$11,564
Out-of-State Tuition:$41,636
Admission Rate:26%
Graduation Rate:86%
Total Enrollment:26,420
University of Wisconsin-Madison
In-State Tuition:$9,273
Out-of-State Tuition:$37,904
Admission Rate:49%
Graduation Rate:89%
Total Enrollment:48,956
Health Actuary Job Description:
- Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits.
- May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.
Required Skills and Competencies To Become a Health Actuary
Job Duties for Health Actuarys
Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
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.
Technologies and Skills Used by Health Actuarys
Data base user interface and query software
- Microsoft SQL Server
- Oracle Database
Financial analysis software
- Oak Mountain Software AnnuityValue
- Pricing software
Presentation software
- Microsoft PowerPoint
Basic Skills
- Reading work related information
- Thinking about the pros and cons of different ways to solve a problem
People and Technology Systems
- Measuring how well a system is working and how to improve it
- Thinking about the pros and cons of different options and picking the best one
Problem Solving
- Noticing a problem and figuring out the best way to solve it