What is a valuation actuary? What do they do?

If you’ve ever considered becoming an actuary, you’ve probably heard the term “valuation actuary” before.

But, what is a valuation actuary?

It’s an actuary that is responsible for determining the reserves for an insurance company. The reserves ensure that the company has enough money to pay for expenses and claims that the company anticipates it will have to pay in the future.

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50 Unique Tips for Actuarial Exam P and FM

  I’ve been running the Study Strategy Program for Exam P and FM for just about 1 year now, and throughout that time I’ve given members hundreds of little nuggets of advice. In this post, I thought it’d be a good idea to share some of them with you! So, here are...

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Do actuarial exams expire?

So maybe you passed an actuarial exam a few years ago and now you’re considering coming back to the actuarial field. Or you’re considering taking some time away from actuarial exams, and wondering if you’ll still have credit for the exams you passed several years ago....

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Do actuarial exam scores matter?

If you’re writing an actuarial exam soon, or just got your exam score back, you may be wondering whether the score really matters at all. Fortunately, your score doesn’t matter. Employers typically only care that you passed your exam. It’s uncommon for them to ask...

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Do actuaries make good money? (Actuary salary analysis)

Yesterday someone asked me if actuaries make good money. I completely understand that this is something anyone considering the career would want to know. But I found it hard to answer directly.

Fully qualified actuaries can make $150,000+ annually, so most people would say actuaries make good money. But it really depends on your definition of good money.

There are a few different ways we could look at this.

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