Insurance
Risk Management & Actuarial Support skills assessment
Actuarial and risk analysts quantify uncertainty. This scorecard covers modelling, analysis, reporting, governance and communication.
- 12 skills to score
- 1–10 scale on every skill
- 5 starting levels
The 12 Risk Management & Actuarial Support skills you can score
These are the default Risk Management & Actuarial Support skills in SkillScorer. Each one is scored from 1 to 10 for every team member, and you can edit, remove or add skills at any time.
Statistical and Actuarial Modelling
Builds statistical models for pricing, reserving and risk.
Data Analysis and Validation
Analyses and validates data used in models.
Reserving and Pricing Support
Supports reserving and pricing with data preparation and analysis.
Risk Frameworks and Governance
Applies risk frameworks and governance.
Scenario and Stress Testing
Runs scenario and stress tests to understand how results change under pressure.
Regulatory Reporting
Prepares accurate regulatory returns and reports on time.
Software and Programming Skills
Uses actuarial software and programming to analyse and model data.
Communicating Uncertainty
Explains uncertainty and assumptions clearly to non-technical audiences.
Peer Review
Reviews others' work carefully and gives constructive feedback.
Business Partnering
Works with business leaders so risk analysis supports decisions.
Documentation
Documents assumptions, methods and results so work can be reviewed and reproduced.
Professional Standards
Follows actuarial and professional standards and codes of conduct.
Levels included with Risk Management & Actuarial Support
Risk Management & Actuarial Support starts with 5 levels, which SkillScorer calls “Seniority Level” for insurance, so team members can be grouped and compared fairly. Rename, reorder or replace them at any time.
- Analyst
- Senior Analyst
- Actuary
- Senior Actuary
- Head of Risk
How Risk Management & Actuarial Support works in SkillScorer
Score
Each team member in a team is scored on the Risk Management & Actuarial Support skills in the Skills Matrix: tap a cell, type a score, and it saves itself.
Compare
Rank team members, compare two side by side, or compare your teams against each other to see exactly where the strengths and gaps are.
Track
Scores are kept year after year, so you can see who is improving and which Risk Management & Actuarial Support skills need attention. Reports also follow each team leader's team.
Risk Management & Actuarial Support scorecard: common questions
What skills does the Risk Management & Actuarial Support scorecard include?
SkillScorer's Risk Management & Actuarial Support scorecard covers 12 skills: Statistical and Actuarial Modelling, Data Analysis and Validation, Reserving and Pricing Support, Risk Frameworks and Governance, Scenario and Stress Testing, Regulatory Reporting, Software and Programming Skills, Communicating Uncertainty, Peer Review, Business Partnering, Documentation and Professional Standards. Each one comes with a written description of what it measures, and you can edit, rename, remove or add skills to suit your organisation.
How are team members scored in Risk Management & Actuarial Support?
Every team member is scored from 1 to 10 on each skill (1 = Poor, 5 = Average, 10 = Elite), one team and year at a time. Scores autosave in the Skills Matrix, and the 18 built-in reports turn them into rankings, radar charts, skill gaps and year-on-year trends.
Which levels come with Risk Management & Actuarial Support?
Risk Management & Actuarial Support starts with these levels (called “Seniority Level” in the app): Analyst, Senior Analyst, Actuary, Senior Actuary and Head of Risk. They are just a starting point, so you can rename, reorder or replace them.
Can I change the Risk Management & Actuarial Support skills and wording?
Yes. The skills, levels and labels are all editable per organisation. In insurance the app talks about team members, teams and team leaders, and you can change any of those words too.
Score Risk Management & Actuarial Support with SkillScorer
Book a demo and we'll set up Insurance and Risk Management & Actuarial Support with the skills, levels and wording ready to go.
Book a demo