General Insurance Jobs

PrimeCareers is the leading actuarial recruitment website providing the largest selection of general insurance, pension consultancy and life assurance actuarial jobs in the UK and world-wide.

Being an Actuary
During the 1990s, employment of actuaries within general (or 'non-life') insurance grew rapidly. General insurance covers motor, household, buildings, property and liability insurance - for individuals and organisations - as well as reinsurance.

General Insurance Work
The principal roles for actuaries in general insurance are setting premium rates, and ‘reserving for claims’, that is ensuring enough money is put aside to meet future claims or ‘liabilities’. They are also involved in new product design.

Much of the work requires handling and analysing very large volumes of data and sophisticated use of information technology.

Defining Issues
The key requirements for an actuary in general insurance are both technical actuarial ability and communication and people skills.

Since natural disasters and terrorist attacks impact so substantially on general insurance business, the pattern of activities is quite unpredictable and work flow - reflecting the incidence of claims - is characterised by peaks and troughs.