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General Insurance Actuary
Janets

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Summary

Price
£19 inc VAT
Study method
Online, On Demand 
Duration
2.1 hours · Self-paced
Qualification
No formal qualification
CPD
10 CPD hours / points
CPD What's this?
Certificates
  • Reed Courses Certificate of Completion - Free
Assessment details
  • Multiple Choice Questions (MCQ)/Assignment (included in price)
Additional info
  • Tutor is available to students

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Overview

The general insurance industry relies on accurate risk assessment to ensure pricing accuracy, financial stability, and sustainable claims management. Poor actuarial analysis can lead to underpricing policies, unexpected claim losses, and weakened financial performance. In a highly competitive and regulated market, actuarial expertise is essential for maintaining balance between risk and profitability.

This course introduces the role of actuaries in general insurance, focusing on how risk is assessed, measured, and managed across different insurance products. It explores core actuarial principles used in pricing policies, estimating claim liabilities, and evaluating insurance risk exposure. Learners will gain an understanding of how data and statistical models support insurance decision-making.

In addition, the course covers underwriting principles, claims analysis, reserving methods, and risk modelling techniques. It equips learners with the knowledge needed to support actuarial work within general insurance companies and contribute to sound financial decision-making.

Learning Outcomes

After completing this course, you will be able to:

  • Understand the role of actuaries in general insurance
  • Assess insurance risk using actuarial methods
  • Apply statistical models for pricing and risk evaluation
  • Analyse claim data to estimate liabilities and losses
  • Understand underwriting principles and decision processes
  • Evaluate insurance reserves and financial adequacy
  • Apply risk modelling techniques in insurance contexts
  • Support data-driven insurance pricing and strategy

Certificates

Assessment details

Multiple Choice Questions (MCQ)/Assignment

Included in course price

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Curriculum

10
sections
10
lectures
2h 7m
total

Description

General insurance actuaries play a vital role in ensuring that insurance products are priced correctly and that financial risks are properly managed. This course introduces the key principles of actuarial science applied to general insurance, including risk assessment, pricing strategies, and claims evaluation. Learners will develop an understanding of how insurers balance risk and profitability using data-driven methods.

The course also explores underwriting processes, reserving techniques, and statistical modelling used in insurance operations. It highlights how actuaries help organisations predict future claims and maintain financial stability. By the end of the course, learners will be able to apply actuarial thinking to general insurance challenges and support effective risk management decisions.

Who is this course for?

  • Aspiring actuaries and insurance professionals
  • Students of mathematics, finance, or statistics
  • Individuals interested in insurance risk and pricing
  • Professionals working in underwriting or claims
  • Anyone aiming to build a career in actuarial or insurance analysis

Requirements

This General Insurance Actuary Programme requires no prior experience and learners from any background can enrol in the course. All you need is a device and an internet connection!.

Career path

  • General Insurance Actuary (£40,000 – £90,000)
  • Actuarial Analyst (£35,000 – £75,000)
  • Insurance Risk Analyst (£35,000 – £80,000)
  • Pricing Analyst (£30,000 – £70,000)
  • Underwriting Analyst (£32,000 – £65,000)
  • Claims Analyst (£28,000 – £60,000)
  • Senior Actuarial Analyst (£60,000 – £110,000)
  • Chief Actuary (£80,000 – £150,000+)

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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