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Insurance Actuarial Jobs (NOW HIRING)

Medica

Actuarial Associate

Saint Louis, MO · On-site

$88K - $152K/yr

Experience in healthcare or insurance actuarial work. * Knowledge of reserving and monthly financial reporting. * Advanced programming and technical skills in data mining, extraction, and analysis ...

Medica

Actuarial Associate

Minnetonka, MN · On-site

$88K - $152K/yr

Experience in healthcare or insurance actuarial work. * Knowledge of reserving and monthly financial reporting. * Advanced programming and technical skills in data mining, extraction, and analysis ...

Kuvare

Actuary Analyst

Rosemont, IL · On-site

... Insurance Solutions: - Ignite Partners About the role This position is part of the Actuarial Development Program for Kuvare Corporate Management (KCM). The Program offers students an array of ...

SCOR

Associate Actuary - Inforce Optimization

Charlotte, NC · On-site

$109K - $134K/yr

At least 3-5 years of life insurance actuarial experience (reinsurance experience a plus) * BA/BS degree or equivalent in mathematics or actuarial science or related field * Demonstrated analytical ...

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Insurance Actuarial information

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$101.5K

$142.9K

$171K

How much do insurance actuarial jobs pay per year?

As of Jul 14, 2026, the average yearly pay for insurance actuarial in the United States is $142,915.00, according to ZipRecruiter salary data. Most workers in this role earn between $131,500.00 and $155,000.00 per year, depending on experience, location, and employer.

Can you make 300k as an actuary?

Senior insurance actuaries with extensive experience, advanced certifications like FSA or ASA, and specialization in high-demand areas can earn salaries around or above $300,000 annually. Compensation varies based on industry, location, and level of responsibility, with top-tier roles in consulting or large firms more likely to reach this level.

What are some of the common challenges faced by insurance actuaries when analyzing new products or markets?

Insurance actuaries often encounter challenges such as limited historical data, rapidly changing regulations, and evolving customer behaviors when analyzing new products or entering unfamiliar markets. These factors can make it difficult to develop accurate pricing models and risk assessments. Actuaries must collaborate closely with underwriting, product development, and data analytics teams to gather insights and adapt their methodologies. Staying updated on industry trends and regulatory changes is also essential for successfully navigating these challenges.

What is the difference between Insurance Actuarial vs Insurance Underwriting?

AspectInsurance ActuarialInsurance Underwriting
Primary FocusRisk assessment and pricing modelsEvaluating individual applications and approving policies
Required CredentialsActuarial certifications (e.g., SOA, CAS)Typically no formal certifications, but industry experience valued
Work EnvironmentData analysis, statistical modeling, forecastingAssessing applications, client interaction, decision-making
Industry UsageUsed across insurance companies for product developmentUsed in underwriting departments for policy issuance

Insurance Actuarial and Insurance Underwriting roles are both vital in the insurance industry but focus on different aspects. Actuaries analyze data to develop pricing models, while underwriters evaluate individual applications to approve policies. Understanding these differences helps clarify career paths and employer expectations in the insurance sector.

Do actuaries make $500,000?

Senior insurance actuaries with extensive experience and advanced certifications such as the Fellow of the Society of Actuaries (FSA) can earn salaries around or above $500,000 annually. Entry-level or less experienced actuaries typically earn significantly less, with salaries increasing with years of experience, specialization, and geographic location.

What are Insurance Actuaries?

Insurance actuaries are professionals who use mathematics, statistics, and financial theory to analyze the financial costs of risk and uncertainty in the insurance industry. They help insurance companies design policies, determine premiums, and ensure that the company can meet future claims. Actuaries play a critical role in evaluating the likelihood of events such as accidents, illnesses, or natural disasters and in helping insurers remain financially stable. Their work helps protect both the company and its policyholders from unexpected losses.

What are the key skills and qualifications needed to thrive as an Insurance Actuarial, and why are they important?

To thrive as an Insurance Actuarial, you need strong mathematical, statistical, and analytical skills, typically supported by a degree in actuarial science, mathematics, or a related field, along with progress toward professional actuarial certifications. Proficiency with actuarial modeling software (such as SAS, R, or Prophet), spreadsheet tools, and data analysis systems is essential. Excellent problem-solving, attention to detail, and effective communication skills help actuaries interpret complex data and present findings clearly to stakeholders. These capabilities are vital for accurately assessing risk, developing sound insurance products, and supporting business decision-making.

Do insurance actuaries make good money?

Insurance actuaries typically earn high salaries due to their specialized skills in risk assessment and statistical analysis. Entry-level salaries often start around $60,000 to $80,000 annually, with experienced professionals earning over $150,000, especially with professional certifications like the ASA or FSA. The profession offers strong earning potential and job stability in the insurance industry.

What do actuaries do in the insurance industry?

Insurance actuaries analyze statistical data to assess risk and determine pricing for insurance policies. They develop models to predict future claims, evaluate financial stability, and ensure the company's profitability, often using specialized software and requiring professional certifications like the ASA or FSA.
More about Insurance Actuarial jobs
What cities are hiring for Insurance Actuarial jobs? Cities with the most Insurance Actuarial job openings:
What states have the most Insurance Actuarial jobs? States with the most job openings for Insurance Actuarial jobs include:
What job categories do people searching Insurance Actuarial jobs look for? The top searched job categories for Insurance Actuarial jobs are:
Insurance Actuarial jobs near you
Infographic showing various Insurance Actuarial job openings in the United States as of July 2026, with employment types broken down into 28% Locum Tenens, 32% Full Time, 2% Part Time, 37% Nights, and 1% Summer. Highlights an 64% Physical, 13% Hybrid, and 23% Remote job distribution, with an average salary of $142,915 per year, or $68.7 per hour.
Actuarial Associate

Actuarial Associate

Medica

Saint Louis, MO • On-site

$88K - $152K/yr

Other

Medical, Dental, Vision, Retirement, PTO

This job post has expired 1 day ago. Applications are no longer accepted.

Medica rating

8.4

Company rating: 8.4 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

101st of 281 rated insurance

Job description

Description

Medica is a nonprofit health plan with more than a million members that serves communities in Minnesota, Nebraska, Wisconsin, Missouri, and beyond. We deliver personalized health care experiences and partner closely with providers to ensure members are genuinely cared for.

We're a team that owns our work with accountability, makes data-driven decisions, embraces continuous learning, and celebrates collaboration - because success is a team sport. It's our mission to be there in the moments that matter most for our members and employees. Join us in creating a community of connected care, where coordinated, quality service is the norm and every member feels valued.

Analyze and evaluate the likelihood of future events in order to reduce and manage future risks. Complete and interpret actuarial analysis, valuations, cost estimates, and modeling using statistical programming and database tools. Perform rate level pricing functions and prepare monitoring reports on program or product pricing. Measure historical relationships to develop forecasts and identify trends. Performs other duties as assigned.

Required Qualifications

  • Bachelor's degree or equivalent experience in a related field.
  • Minimum of 5 years of work experience beyond degree.
  • Associate of the Society of Actuaries (ASA) designation.

Preferred Qualifications

  • Experience in healthcare or insurance actuarial work.
  • Knowledge of reserving and monthly financial reporting.
  • Advanced programming and technical skills in data mining, extraction, and analysis

This position is an Office role, which requires an employee to work onsite, on average, 3 days per week. We are open to candidates located near one of the following office locations: Minnetonka, MN.

The full salary grade for this position is $88,800 - $152,300. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $88,800 - $133,245. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to compensation, Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.

We are an Equal Opportunity employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.


Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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