TechnologyO*NET: 15-2011.00
Will AI Replace Actuaries?
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.
45out of 100
Medium Risk
AI Risk Score
45/100
Risk Level
Medium
Job Zone
4/5
Advanced
Total Tasks Analyzed
12
🤖 What AI Can Do
- ▸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.
- ▸Determine policy contract provisions for each type of insurance.
👤 What Requires Humans
- ▸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.
- ▸Negotiate terms and conditions of reinsurance with other companies.
Task Breakdown
🤖AI Can Automate (3)
- 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.
- Determine policy contract provisions for each type of insurance.
👤Requires Humans (2)
- 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.
- Negotiate terms and conditions of reinsurance with other companies.
⚡AI-Assisted (7)
- 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.
- Provide advice to clients on a contract basis, working as a consultant.
- Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
- Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
- Testify before public agencies on proposed legislation affecting businesses.
Key Skills Analysis
Reading ComprehensionAI-Vulnerable
Importance: 4.25/5.00
MathematicsAI-Vulnerable
Importance: 4.25/5.00
Critical ThinkingAI-Resistant
Importance: 4.25/5.00
Judgment and Decision MakingAI-Resistant
Importance: 4.25/5.00
Active Listening
Importance: 4.00/5.00
Complex Problem SolvingAI-Resistant
Importance: 4.00/5.00
Systems Evaluation
Importance: 4.00/5.00
Speaking
Importance: 3.88/5.00
Systems AnalysisAI-Vulnerable
Importance: 3.88/5.00
WritingAI-Vulnerable
Importance: 3.50/5.00
Active LearningAI-Resistant
Importance: 3.25/5.00
Monitoring
Importance: 3.12/5.00
Social PerceptivenessAI-Resistant
Importance: 3.00/5.00
CoordinationAI-Resistant
Importance: 3.00/5.00
Service OrientationAI-Resistant
Importance: 3.00/5.00
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Frequently Asked Questions
Based on our analysis, Actuaries have a medium risk of AI replacement with a score of 45/100. While some tasks can be assisted by AI, the core responsibilities require human judgment and skills.
Last updated: 2026-03-28· Data from O*NET 30.2 & Frey/Osborne automation research