Pricing actuary skills for your resume and career

Updated January 8, 2025

1 min read

Below we've compiled a list of the most critical pricing actuary skills. We ranked the top skills for pricing actuaries based on the percentage of resumes they appeared on. For example, 69.3% of pricing actuary resumes contained product development as a skill. Continue reading to find out what skills a pricing actuary needs to be successful in the workplace.

5 pricing actuary skills for your resume and career

1. Product Development

Product development is the complete procedure of creating a product from concept until release of the final product. Product development has many stages after which a product is released into the market. Identifying the need, creating the opportunity, conceptualizing a product, and providing a solution, all are different stages of product development.

Here's how pricing actuaries use product development:

Managed the product development and implementation process.
Represented the Actuarial Department on the Product Development and Product Implementation committees.

2. Annuities

Here's how pricing actuaries use annuities:

Developed Single Premium Indexed Annuities, Indexed Universal Life, Level Term, and Single Premium Interest Sensitive Whole Life.
Possess a strong understanding of Life contingencies, Annuities, probabilities, data analysis, problem identification and problem solving skills.

3. Level Changes

Here's how pricing actuaries use level changes:

Produced a weekly report for senior management to monitor pricing level changes.

4. Auto Liability

Here's how pricing actuaries use auto liability:

Produced Workers Compensation, General Liability, Auto Liability price indications for coverage and claims handling for experience rated accounts.

5. Loss Ratio

Loss ratio is a term used in the insurance industry to represent the ratio of losses to earned premiums. The formula stands for adjustment expenses plus insurance claims divided by the total premiums.

Here's how pricing actuaries use loss ratio:

Perform quarterly current accident loss ratio bridging analysis.
Assist CRO in gathering company expense and loss ratios and calculate Combined Ratio effect of GWP shortfall from target.

What skills help Pricing Actuaries find jobs?

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List of pricing actuary skills to add to your resume

The most important skills for a pricing actuary resume and required skills for a pricing actuary to have include:

Product Development
Annuities

Level Changes
Auto Liability

Loss Ratio

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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