Role of the Actuary in Insurance Company (for Non-Actuaries) Certification Course

This two-day insurance course aims to enhance understanding of the role of the Actuary in a modern insurance company and to enable professionals from other functions to make the best use of the unique skill sets that actuaries possess. The program places emphasis on two key levels: first, understanding what actuaries do; and second, understanding how underwriting, claims, finance and reinsurance professionals can both support and benefit from actuarial processes.

The course begins with a high-level overview of the nature of insurance and the various roles actuaries perform within an organization. It then delves into the four core actuarial disciplines - Capital Modelling, Planning, Pricing and Reserving - examining each in detail while continually addressing the questions: What can the Actuary do for me? and What should I be doing to help the Actuary?

Finally, the course returns to the broader business perspective, exploring the role of the Actuary within the overall organizational context. Throughout the program, there is a strong emphasis on the practical application of newly acquired knowledge. Exercises and group work are used extensively to reinforce learning and encourage active participation.

Enroll now to enhance your competence and professional knowledge.

The nature of insurance and why actuaries are needed:

• What makes insurance different?
• How do actuaries differ from other insurance professionals?
• The historic development of the actuary's role in Property / Casualty insurance
• A model of the



The Actuary's role in Capital Modelling and Business Planning:

• Recent changes in insurance regulation Risk-based Capital and Solvency II de-mystified
• Risk, Reward and Capital the effect on Underwriting targets
• Building a Business Plan from first principles



The Actuary's role in Pricing Support and Claims Reserving:

• The Actuary's role in support of the Underwriter
• Exposure-based and Experience-based pricing models and benchmarks
• Actuarial Reserving for Incurred-but-not-Reported (IBNR) Claims, and for IBNER (not-Enough-Reported)



The Actuary in the context of the business:

• The Actuary's role in support of general management
• Actuarial two-way interactions with other business functions
• The Actuary's external responsibilities
• The Actuary as part of a bigger team

• Anyone, with a non-actuarial role within an insurer will benefit from this programme. It is particularly suited to underwriters at all levels, claims adjusters, finance professionals and technical managers. It will also be of benefit to trainee actuaries. As well as providing an appreciation of the role of the Actuary, and his or her interactions with other functions, it should also significantly improve your overall understanding of the insurance process.

Obtaining the Role of the Actuary in an Insurance Company for Non‑Actuaries Certification with training gives professionals a structured, practical foundation in how actuarial functions operate within an insurance business. Rather than learning isolated concepts, this training explains core actuarial responsibilities - such as pricing, reserving, risk assessment, capital modelling and financial reporting - in a way that non‑actuaries can understand and apply. Participants learn how actuarial insights influence product design, regulatory compliance, solvency management and performance measurement, making them better equipped to collaborate effectively with actuarial teams and to integrate actuarial considerations into broader business and risk decisions.

From a career and financial perspective, combining this certification with guided training can significantly enhance credibility, cross‑functional value and earning potential. Professionals who understand the actuarial perspective are increasingly valued in roles such as underwriting, risk management, finance, product development and strategy - especially in insurance companies, reinsurers and financial institutions. Depending on experience and industry, certified practitioners with this training may see annual salaries ranging from $60,000 to $95,000, with senior or specialist roles (e.g., Risk Analyst, Product Strategy Lead, Actuarial Liaison) often exceeding $100,000. By pairing a recognised certification with practical, real‑world training, participants not only validate their understanding of actuarial processes but also position themselves for stronger collaboration, better decision‑making and broader career opportunities across the insurance value chain.

An actuarial expert providing advisory services to reinsurance and insurance companies in the area of Financial Solutions, mainly focused on Solvency II and IFRS 17. Besides working on the actuarial models, he is supporting few major reinsurance companies on the specific impact of the IFRS 17 and potential measures mitigating adverse effects.

Benefits: