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Automation Squad

Role

AI for Actuaries

Robert MacKelfresh

By Robert MacKelfresh

Founder, Automation Squad

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 · O*NET 15-2011.00 · Job Zone 4 · sourced from the U.S. Department of Labor occupation database

Automation coverage

16 of 40tools on this list have an AI solution available today

Counted by matching the tools this occupation is documented as using against a corpus of 226,452 AI products, MCP servers, skills and connectors. Where a tool has no match, we say so rather than inventing one.

AI you can use for this job

35 matched to the tools actuaries use. Showing 24.

  • Securely connect your AI agents and chatbots (Claude, ChatGPT, Cursor, etc) with Microsoft Power Bi MCP or direct API to list workspaces, inspect reports, refresh datasets, and summarize dashboard insights through natural language.

    Make (make.com)

  • Tableau is a business intelligence and analytics platform that enables users to connect to databases, create data visualizations, and share insights. The platform offers deployment options including cloud-based, self-hosted, and desktop environments with drag-and-drop functionali

    Make (make.com)

  • Tableau

    MCP server
  • Cash Flow Frog

    MCP server

    Cash Flow Frog is a simple yet powerful cash flow forecasting and scenario planning tool.

    Cash Flow Frog

  • Microsoft Excel

    MCP server

    Microsoft's Excel is a spreadsheet application used by millions of users across the world. It is part of the Office ecosystem and is considered the industry standard for spreadsheets. Only files on OneDrive for Business (available with Office 365 and Sharepoint server) are su

    Microsoft Excel

  • Microsoft Power BI is a business analytics platform for visualizing data and sharing insights.

    Microsoft Power BI

  • Microsoft Word

    MCP server
  • Powerpoint

    MCP server
  • Cashflow

    MCP server
  • Easy Project

    MCP server

    Easy Project is a professional project management software for you, your team and the whole company. Based on WBS, Gantt, Agile and other best PM practices. It is compatible with modules for Resources, Finances, Help Desk and CRM.

    Easy Project

  • Excel

    MCP server
  • Excel

    Skill
  • Make (make.com)

  • Make (make.com)

  • Make (make.com)

  • Project Monitor

    MCP server

    Project Monitor is a PPM software that aims to manage your portfolios for all kinds of projects/sectors. Control the entire lifecycle, from request management to project execution. Measure progress on your team's workload and save time with a data-driven dashboard.

    Project Monitor

  • ProjectManager

    MCP server

    ProjectManager.com is a simple yet powerful online project management tool that enables you and your team to plan, track, monitor and report on your projects in real-time.

    ProjectManager

The tools this job actually uses

42 documented for this occupation. Showing 40, hot technologies first. A filled dot means an AI solution exists for it.

  • Chot
  • IBM SPSS Statisticshot
  • Microsoft Accesshot
  • Microsoft Excelhot
  • Microsoft Office softwarehot
  • Microsoft Power BIhot
  • Microsoft PowerPointhot
  • Microsoft Projecthot
  • Microsoft SQL Serverhot
  • Microsoft Visiohot
  • Microsoft Visual Basichot
  • Microsoft Visual Basic for Applications VBAhot
  • Microsoft Wordhot
  • Oracle Databasehot
  • Oracle Javahot
  • Pythonhot
  • Rhot
  • SAShot
  • Structured query language SQLhot
  • Tableauhot
  • Appraisal software
  • ARMON Technologies XLActuary
  • Cash flow software
  • Compliance testing software
  • dBASE Plus
  • GGY AXIS
  • IBM Lotus Notes
  • Insightful S-PLUS
  • Insureware ICRFS-ELRF
  • Lewis & Ellis LEAPPS
  • Microsoft Visual FoxPro
  • Milliman Corporate Affinity
  • Milliman ReservePro
  • Oak Mountain Software AnnuityValue
  • PolySystems Asset Delphi
  • Pricing software
  • Qlik Tech QlikView
  • SAP BusinessObjects Desktop Intelligence
  • SS&C PTS
  • Statistical software

What this job involves

16 documented tasks, most important first. Showing 16.

  1. Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  2. Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
  3. Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
  4. Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
  5. Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
  6. Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
  7. Provide advice to clients on a contract basis, working as a consultant.
  8. Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
  9. Negotiate terms and conditions of reinsurance with other companies.
  10. Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
  11. Testify before public agencies on proposed legislation affecting businesses.
  12. Determine policy contract provisions for each type of insurance.
  13. Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person disabled or killed in an accident.
  14. Explain changes in contract provisions to customers.
  15. Manage credit and help price corporate security offerings.
  16. Analyze data to determine premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.