• 2.4.2 Life


    desc_img

    Description of role

    Responsible for designing and pricing life insurance contracts, monitoring the funds required to provide promised benefits and provide expert advice.

    desc_img

    Core skills

    • Deep skills in the evaluation of complex risks and assess the probability and potential financial consequences of those risks specifically related to Life insurance
    • Highly skilled at analysis using probability theory and investment theory as applied to Life insurance
    • Ability to evaluate the adequacy of insurance premiums to ensure claims can be met
    • Advanced problem-solving and analytical ability
    • Deep understanding of economics and of legislation related to financial services
    • Understand the interaction between theory and practice when using actuarial techniques
    • Understand the commercial environment
    • Work within a professional and ethical framework
    • Ability to communicate with stakeholders and colleagues
    desc_img

    Qualification and/ or certification

    • QFSQF Level 3
    • ACII or equivalent qualifications would be useful
    • Relevant experience

    desc_img

    Industry knowledge

    • Knowledge of the insurance market, industry trends and developments.
    • Knowledge of key insurance principles and terms.

    desc_img

    Regulatory compliance of role

    • Knowledge of insurance regulatory framework
    • Knowledge of laws and regulations impacting underwriting