Book contents
- Frontmatter
- Contents
- Preface to the First Edition
- Preface to the Second Edition
- Preface to the Third Edition
- Brian Adams
- Jeffrey Zane Anderson
- Alysia Appell
- P. Darcy Barnett
- Carl M. Beaird
- Cherryl Beeman
- Betsy Bennett
- Nick Bennett
- Jonathan G. Blattmachr
- Mary Bonar
- Ron Bousquet
- Margaret L. Brandeau
- Judith R. Brown
- Denise Cammarata
- Cora L. Carmody
- Jessie Caruso
- Jack Cassidy
- Shane Chalke
- Judith E. Chapman
- Samson Cheung
- Yves Chiricota
- Megan Christensen
- Andrea Cook
- James L. Cooley
- Mary K. Cooney
- Jeff Cooper
- Joe Corrigan
- H. Michael Covert
- Sarah Cullen
- Allison DeLong
- Janet P. DenBleyker
- Mark Derwin
- Susan J. Devlin
- J. Wanzer Drane
- Arnitra Duckett
- Paula Duckett
- Yawa Duse-Anthony
- M. Scott Elliott
- Katie Evans
- Helaman Ferguson
- Rol Fessenden
- Kathie Flood
- Sara Ford
- Richard D. Fuhr
- Holly Gaff
- Marshall B. Garrison
- Allen Gibson
- Ruth Gonzalez
- Douglas A. Gray
- Cynthia Carter Haddock
- Charles R. Hadlock
- Charles Hagwood
- John F. Hamilton
- William D. Hammers
- Jeff Hand
- Carl M. Harris
- Mary Hesselgrave
- Jerry W. Highfill
- Matthew D. Janssen
- Richard Järvinen
- Captain C.J. Jaynes
- Denise Ann Johnston
- Patricia H. Jones
- Marcia P. Kastner
- Sherra E. Kerns
- Gary Kim
- Greg King
- Kay Strain King
- Karen M. Kneisel
- John Kuchenbrod
- Janice A. Kulle
- Kimberly A. Kuntz
- Michael H. Kutner
- Donna F. Lawson
- Christopher M. Legault
- Loren Mernoff Lewin
- Mike Lieber
- Peter A. Lindstrom
- Dan Loeb
- Tammy M. Lofton
- Valerie Lopez-Zinzer, A.S.A
- Christopher M. Luczynski
- Chad Magers
- Carol J. Mandell
- Carla D. Martin
- Patrick Dale McCray
- Jennifer E. McLean
- Juan C. Meza
- Michael G. Monticino
- S. Brent Morris
- William D. Murphy
- Michael J. Murray
- Deenanne Kay Myers
- Joan Peters Ogden
- Edna Lee Paisano
- #Amanda Peterson
- Bruce A. Powell
- Marla Prenger
- Edward H. Preston
- Fred L. Preston
- Diane R. Purcell
- Amanda Quiring
- Laura Readdy
- Brian D. Repp
- Mark A. Reynolds
- Nancy K. Roderer
- Peter Rosenthal
- David S. Ross
- Edward Rothstein
- Christine Rutch
- Bonita V. Saunders
- Julie Scarpa
- Jeffrey A. Schneider
- Joel Schneider
- Deborah A. Southan
- Mitchell Stabbe
- Arthur P. Staddon
- Courtney Stephens
- Robert L. Stewart
- Mary Kay Esworthy Stiles
- Kathy Haas Stukus
- Lisa M. Sullivan
- Elizabeth Sweet
- Julie S. Tarwater
- Debra W. Taufen
- Frederick C. Taverner
- Mark P. Terry
- Jill L. Tolle
- Lisa M. Tonder
- Jane Turnbull
- Sue E. Waldman
- Rodney B. Wallace
- Martha Weeks
- Benjamin E. Weiss
- Faedra Lazar Weiss
- Michael D. Weiss
- Gary L. Welz
- Dan C. White
- Paul Willoughby
- Sandra L. Winkler
- Sarah Adams Yeary
- James W. Yen
- Joyce W. Yen
- Yvonne Zhou
- Yaromyr Andrew Zinkewych
- Paul Zorn
- Appendices
Janet P. DenBleyker
- Frontmatter
- Contents
- Preface to the First Edition
- Preface to the Second Edition
- Preface to the Third Edition
- Brian Adams
- Jeffrey Zane Anderson
- Alysia Appell
- P. Darcy Barnett
- Carl M. Beaird
- Cherryl Beeman
- Betsy Bennett
- Nick Bennett
- Jonathan G. Blattmachr
- Mary Bonar
- Ron Bousquet
- Margaret L. Brandeau
- Judith R. Brown
- Denise Cammarata
- Cora L. Carmody
- Jessie Caruso
- Jack Cassidy
- Shane Chalke
- Judith E. Chapman
- Samson Cheung
- Yves Chiricota
- Megan Christensen
- Andrea Cook
- James L. Cooley
- Mary K. Cooney
- Jeff Cooper
- Joe Corrigan
- H. Michael Covert
- Sarah Cullen
- Allison DeLong
- Janet P. DenBleyker
- Mark Derwin
- Susan J. Devlin
- J. Wanzer Drane
- Arnitra Duckett
- Paula Duckett
- Yawa Duse-Anthony
- M. Scott Elliott
- Katie Evans
- Helaman Ferguson
- Rol Fessenden
- Kathie Flood
- Sara Ford
- Richard D. Fuhr
- Holly Gaff
- Marshall B. Garrison
- Allen Gibson
- Ruth Gonzalez
- Douglas A. Gray
- Cynthia Carter Haddock
- Charles R. Hadlock
- Charles Hagwood
- John F. Hamilton
- William D. Hammers
- Jeff Hand
- Carl M. Harris
- Mary Hesselgrave
- Jerry W. Highfill
- Matthew D. Janssen
- Richard Järvinen
- Captain C.J. Jaynes
- Denise Ann Johnston
- Patricia H. Jones
- Marcia P. Kastner
- Sherra E. Kerns
- Gary Kim
- Greg King
- Kay Strain King
- Karen M. Kneisel
- John Kuchenbrod
- Janice A. Kulle
- Kimberly A. Kuntz
- Michael H. Kutner
- Donna F. Lawson
- Christopher M. Legault
- Loren Mernoff Lewin
- Mike Lieber
- Peter A. Lindstrom
- Dan Loeb
- Tammy M. Lofton
- Valerie Lopez-Zinzer, A.S.A
- Christopher M. Luczynski
- Chad Magers
- Carol J. Mandell
- Carla D. Martin
- Patrick Dale McCray
- Jennifer E. McLean
- Juan C. Meza
- Michael G. Monticino
- S. Brent Morris
- William D. Murphy
- Michael J. Murray
- Deenanne Kay Myers
- Joan Peters Ogden
- Edna Lee Paisano
- #Amanda Peterson
- Bruce A. Powell
- Marla Prenger
- Edward H. Preston
- Fred L. Preston
- Diane R. Purcell
- Amanda Quiring
- Laura Readdy
- Brian D. Repp
- Mark A. Reynolds
- Nancy K. Roderer
- Peter Rosenthal
- David S. Ross
- Edward Rothstein
- Christine Rutch
- Bonita V. Saunders
- Julie Scarpa
- Jeffrey A. Schneider
- Joel Schneider
- Deborah A. Southan
- Mitchell Stabbe
- Arthur P. Staddon
- Courtney Stephens
- Robert L. Stewart
- Mary Kay Esworthy Stiles
- Kathy Haas Stukus
- Lisa M. Sullivan
- Elizabeth Sweet
- Julie S. Tarwater
- Debra W. Taufen
- Frederick C. Taverner
- Mark P. Terry
- Jill L. Tolle
- Lisa M. Tonder
- Jane Turnbull
- Sue E. Waldman
- Rodney B. Wallace
- Martha Weeks
- Benjamin E. Weiss
- Faedra Lazar Weiss
- Michael D. Weiss
- Gary L. Welz
- Dan C. White
- Paul Willoughby
- Sandra L. Winkler
- Sarah Adams Yeary
- James W. Yen
- Joyce W. Yen
- Yvonne Zhou
- Yaromyr Andrew Zinkewych
- Paul Zorn
- Appendices
Summary
What is the probability that the roulette wheel will stop on 33 black? What is your expected payoff if you bet $100? How long are social security benefits expected to last? These are the types of problems actuaries can solve. The job of an actuary is to assign probabilities to expected events and determine the expected cost associated with the outcome. Actuaries are involved in determining the expected wealth of your pension plan, developing a medical benefit package for your company, calculating the amount you save on auto insurance by installing an anti-theft device, and advising your mayor on the costs of providing care to the elderly in your city. There are actuaries in all areas of the business world: insurance companies, consulting companies, investing companies and government organizations. I selected a career at a consulting company in the health and welfare department.
At my job, we are involved in all aspects of an employer's benefit package, from start to finish. We help the company decide what types of benefits they want to provide and how much each benefit will cost. We help the company select an insurance company to insure the benefits. We price their renewal rates and negotiate with the insurance company when it is time to renew the policy. When a change to the plan is needed, we price the cost and savings associated with adding, changing and eliminating certain benefits.
We also provide consulting advice to insurance companies and those providing the insured benefits.
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- Chapter
- Information
- 101 Careers in Mathematics , pp. 62 - 63Publisher: Mathematical Association of AmericaPrint publication year: 2014