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Employers of Actuarial Science majors in MO

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.

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Company City State
General American Mutual Holding Company
Shelter Mutual Insurance Company
SHELTER INSURANCE
Ascension Health Insurance, Ltd.
Blue Cross and Blue Shield of Kansas City
Blue Cross and Blue Shield
American National Property and Casualty Insurance Company
State Farm Mutual Automobile Insurance Company
State Farm Insurance
Shelter Mutual Insurance Company
Shelter Insurance
National General Assurance Company
National General Insurance Company
GMAC Insurance
Asurion Protection Services, LLC
Asurion
Club Exchange Corporation
Autombile CLB Intr-Nsrnce Exch
Lockton, Inc.
National Association of Insurance Commissioners
Naic
Lockton Insurance Agency, LLC
Metropolitan Life Insurance Company (inc)
MetLife
United Insurance Company of America
Americo Financial Life and Annuity Insurance Company
Americo Financial Life Innuity
Nrrm, LLC
Carshield
Anthem Insurance Companies, Inc.
Americo Life Inc
Mercy Health Plans, Inc.
Premier Health Plans
Safety National Casualty Corp
Alternative Opportunities Inc
Safeco Insurance Company of America
Safeco
Financial Holding Corporation
Ipfs Corporation
Coventry Health Care of Missouri, Inc
Centene Corporation
Government Employees Health Association, Inc.
G E H A
Missouri Farm Bureau Federation and Affiliated Companies
Farm Bureau Life Insurance
Charles L Crane Agency Company
GMAC Insurance
Forrest T. Jones & Company, Inc.
Commonwealth Mutual
Missouri Farm Bureau Services, Inc.
Missouri Farm Bureau Fed
Great Southern Life Insurance Company
Geico Corporation
Geico
The Daniel & Henry Co
AON Risk Services Companies, Inc.
AON
Government Employees Health Association, Inc.
Government Employees
Pacific Mutual Door Company Partnership
American Family Mutual Insurance Co Inc
Missouri Employers Mutual Insurance Company
Mem Corporate
Connecticut General Life Insurance Company
Marsh & McLennan Agency LLC
Marsh
Fireman's Fund Insurance Company
Marsh USA Inc.
Citizens Mutual Insurance Company
Columbia Insurance Group
American Family Life Insurance Company
Home State Health Plan, Inc.
Columbia Mutual Insurance Co Inc
Columbia Insurance Group
New Directions Behavioral Health LLC
Displaying 1 - 50 of 5,801 companies
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