What are the key skills for a Life Insurance Actuary in 2026?
- Technical Proficiency: Mastery of actuarial software like GGY AXIS or Prophet and programming languages such as Python, R, and SQL is essential.
- Regulatory Knowledge: Deep understanding of LDTI (Long-Duration Targeted Improvements), IFRS 17, and Principle-Based Reserving (PBR/VM-20).
- Modeling & Analytics: Ability to build stochastic models, perform ALM (Asset-Liability Management), and conduct detailed experience studies.
- Communication: Skill in translating complex actuarial findings into strategic business advice for non-technical stakeholders and executive leadership.
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- Performed valuation for life insurance products under ifrs 17 and gaap! reporting frameworks.
- Developed automated reporting tools using vba and sql to streamline the quarterly close process by 15 hours.
- Responsible for conducting Asset-Liability Management (ALM) analysis to optimize the investment portfolio for the Term Life block.
- Collaborated with underwriting to refine mortality assumptions based on recent experience studies using prophet.
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Smart Capitalization: Recognizes international financial reporting standards and accounting principles as acronyms that must be capitalized.
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