General Insurance Actuarial Analyst: Pricing, Reserving, and Reinsurance

Online Training Academy

• General Insurance Actuarial Analyst: Pricing, Reserving, and Reinsurance 1:41:37

  • 1: Module 1 Introduction to General Insurance and the UK Market Preview 20:52
  • 2: Module 2 Fundamental Actuarial Concepts 19:19
  • 3: Module 3 Pricing Principles and Methodologies 17:07
  • 4: Module 4 Claims Reserving and Financial Reporting 16:39
  • 5: Module 5 Reinsurance and Risk Mitigation 13:36
  • 6: Module 6 Emerging Risks and Advanced Topics 13:04
  • 7: FREE Certificate (CPD) 01:00

By the end of this course, you will understand how general insurers assess and manage risk, set premiums, account for reserves, and use reinsurance to protect themselves. You’ll gain real, actionable skills used in the actuarial teams of insurance companies. This knowledge opens doors to actuarial careers in pricing, reserving, risk management, or reinsurance.

In Canada, actuarial roles are also well-paid. For example, Insurance Actuarial Analysts in Canada earn on average around CAD $75,000 per year (about $39/hr) according to Glassdoor.

Module 1: Introduction to General Insurance and the UK Market — You’ll get an overview of how the UK general insurance industry works, its regulation, key players, and typical product lines.

Module 2: Fundamental Actuarial Concepts — This builds your foundation in probability, risk theory, discounting, and financial mathematics that underpin pricing and reserving models.

Module 3: Pricing Principles and Methodologies — Learn how to set premiums: risk classification, ratemaking, experience rating, and modelling techniques.

Module 4: Claims Reserving and Financial Reporting — Explore how actuaries forecast future claims, set reserves, and prepare the financial statements insurers rely on.

Module 5: Reinsurance and Risk Mitigation — Understand the role of reinsurance in transferring risk, treaty vs facultative reinsurance, and how to design reinsurance programs.

Module 6: Emerging Risks and Advanced Topics — Study current challenges in general insurance (such as cyber risk, climate change) and advanced techniques like stochastic reserving or catastrophe models.

Over the course, learners will gain a clear, structured understanding of how insurers make data-driven decisions on pricing, reserving, and risk transfer. You will develop quantitative skills — including statistical and financial models — to assess how much premium to charge, how much to reserve for future claims, and how to mitigate risk through reinsurance. By working through real-world UK-market examples, you will also gain insight into regulatory and market pressures. Ultimately, you’ll be ready to contribute as an actuarial analyst, working alongside underwriters, finance teams, and risk managers.

Learning Outcomes

• Price general insurance products using actuarial techniques
• Estimate claims reserves for future liabilities
• Apply discounting and risk theory in reserving
• Design and evaluate reinsurance programs
• Analyze emerging risks in general insurance
• Communicate actuarial findings clearly to non-actuarial stakeholders

• Graduates aspiring to enter general insurance actuarial roles
• Insurance professionals wanting to understand actuarial pricing
• Finance or risk analysts in insurance companies
• Risk managers exploring reinsurance strategies
• Actuarial students preparing for UK-market exams

• Insurance Actuarial Analyst
• Pricing Actuarial Analyst
• Reserving Actuarial Analyst
• Reinsurance Analyst
• Risk Management Actuary
• Catastrophe Modelling Analyst

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