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Employers of Actuarial Science majors in KS

Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk that an event will occur and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries’ work is essential to the insurance industry. Most actuaries work full time in an office setting. Actuaries who work as consultants may frequently travel to meet with clients. Actuaries need a bachelor’s degree and must pass a series of exams to become certified professionals. They must have a strong background in mathematics, statistics, and business. The median annual wage for actuaries was $93,680 in May 2012. Employment of actuaries is projected to grow 26 percent from 2012 to 2022, much faster than the average for all occupations. Actuaries will be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new risks.

Actuaries

Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize the cost of that risk. They 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. Actuaries’ work is essential to the insurance industry. Most actuaries work full time in an office setting. Actuaries who work as consultants may frequently travel to meet with clients. Actuaries need a bachelor’s degree and must pass a series of exams to become certified professionals. They must have a strong background in mathematics, statistics, and business. The median annual wage for actuaries was $101,560 in May 2017. Employment of actuaries is projected to grow 22 percent from 2016 to 2026, much faster than the average for all occupations. However, because it is a small occupation, the fast growth will result in only about 5,300 new jobs over the 10-year period. Actuaries will be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new, emerging risks.

Claims Adjusters, Examiners, and Investigators

Claims adjusters, appraisers, examiners, and investigators evaluate insurance claims. They decide whether an insurance company must pay a claim, and if so, how much. Most claims adjusters, appraisers, examiners, and investigators work full time. They often work outside the office, inspecting properties on which insurance claims have been made, such as damaged buildings and automobiles. A high school diploma or equivalent is typically required for a person to work as an entry-level claims adjuster, examiner, or investigator, although some positions may require a bachelor’s degree or insurance-related work experience. Auto damage appraisers typically have either a postsecondary nondegree award or previous work experience in identifying and estimating the cost of automotive repair. The median annual wage for claims adjusters, examiners, and investigators was $64,900 in May 2017. The median annual wage for insurance appraisers, auto damage was $62,100 in May 2017. Employment of claims adjusters, appraisers, examiners, and investigators is projected to show little or no change from 2016 to 2026. Technology is expected to automate some of the tasks currently performed by these workers.

Insurance Appraisers, Auto Damage

Appraise automobile or other vehicle damage to determine repair costs for insurance claim settlement. Prepare insurance forms to indicate repair cost or cost estimates and recommendations. May seek agreement with automotive repair shop on repair costs. The median annual wage for insurance appraisers was $62,100 in 2017.

Insurance Sales Agents

Insurance sales agents contact potential customers and sell one or more types of insurance. Insurance sales agents explain various insurance policies and help clients choose plans that suit them. Most insurance sales agents work in offices, although some may spend time traveling to meet with clients. Some sales agents meet with clients during business hours and then spend evenings doing paperwork and preparing presentations to prospective clients. Although most employers only require agents to have a high school diploma, many agents have a bachelor’s degree. Agents must be licensed in the states where they work. The median annual wage for insurance sales agents was $49,710 in May 2017. Employment of insurance sales agents is projected to grow 10 percent from 2016 to 2026, faster than the average for all occupations. Faster employment growth is projected for agents selling health insurance.

Insurance Underwriters

Insurance underwriters decide whether to provide insurance, and under what terms. They evaluate insurance applications and determine coverage amounts and premiums. Insurance underwriters work indoors in offices. Most work full time. Employers prefer to hire candidates who have a bachelor’s degree. However, insurance-related work experience and strong computer skills may be enough for some positions. Certification is generally necessary for advancement to senior underwriter and underwriter manager positions. The median annual wage for insurance underwriters was $69,760 in May 2017. Employment of insurance underwriters is projected to decline 5 percent from 2016 to 2026. Automated underwriting software allows workers to process applications more quickly than before, reducing the need for as many underwriters.

Displaying 1 - 50 of 3,156 companies
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Company City State
Great-West Financial Retirement Plan Services, LLC
Swiss Reinsurance America Corporation
Swiss RE Solutions Holding Corporation
Swiss RE America Holding Corporation
First Excess and Reinsurance Corporation
G E Reinsurance
Blue Cross and Blue Shield of Kansas, Inc.
Blue Cross
Brooke Holdings, Inc.
Farmers Alliance Mutual Insurance Co
Alliance Insurance Co
Farmers Insurance Exchange
Farmers Insurance
Zurich Agency Services, Inc.
Zurich Direct Markets
Ascension Insurance Holdings, LLC
CPI Qualified Plan Consultants, Inc.
CUNA Mutl Retirement Solutions
St. Paul Fire and Marine Insurance Company
Se2, LLC
Security Benefit Life Insurance Company
United Services Automobile Association
USAA
Ima, Inc.
Westport Insurance Corporation
W Ralph Wilkerson Jr Inc
Haas & Wilkerson Ins Agency
Armed Forces Insurance Exhange
Ima of Kansas, Inc.
The Farm Bureau Mutual Insurance Company Inc
Farm Bureau Insurance
Lockton Affinity, LLC
Fmh Benefit Services Inc
Fmh Bnfit Svcs A Div Cresource
Employers Mutual Casualty Company
EMC Insurance Companies
Blue Cross and Blue Shield of Kansas, Inc.
Blue Cross
Coventry Health Care of Kansas, Inc.
Chc Kansas
Overland Solutions, Inc.
Hudson Crop Insurance Services, Inc.
Boilermaker Blacksmith National Pension Trust
BOILERMAKERS NATIONAL FUNDS
Armed Forces Insurance Exhange
ARMED FORCES INSURANCE
Sunflower State Health Plan, Inc.
Security Benefit Corporation
Creative One Marketing Corporation
Creative Marketing
American Fidelity Assurance Co
Blue Cross and Blue Shield of Kansas, Inc.
Blue Cross
American Trust Administrators Inc
Delta Dental of Kansas, Inc.
Liberty Mutual Insurance Company
Liberty Mutual
Med James, Inc.
Hartford Fire Insurance Company
Hartford
First Specialty Insurance Corporation
American Fidelity Assurance Company
Medplans Partners, Inc
California Casualty Management Company
California Casualty Svc Ctr
Kansas Health Solutions, Inc
Centene Corporation
Marsh & McLennan Agency LLC
Marsh
Inter-Americas Insurance Corp Inc
Inter-Americas Insurance
New Mountain Capital I, LLC
Choicepoint
Displaying 1 - 50 of 3,156 companies
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