Practice Areas

Practice Areas

“Wherever there is risk, there are opportunities for actuaries….”

An actuary can work anywhere there is finance and risk. This applies to almost all organizations. Typically, employers of actuarial resource in Nigeria include:

  • Insurance & Reinsurance Companies;
  • Consulting Firms;
  • Health Management Organizations;
  • Commercial Banks;
  • Pension Fund Administrators;
  • Government;
  •  Colleges & Universities; etc…

Major Practice Areas

Life Insurance

Business Areas

Product Development & Pricing
Financial Reporting
Asset & Liability Management
Capital Modelling
Risk Assessment

Non-Life Insurance

Business Areas

Product Development & Pricing
Financial Reporting
Asset & Liability Management
Reinsurance Optimization
Capital Optimization
Commercial Optimization

Pensions

Business Areas

Employee Benefit Plan Design
Financial Reporting
Asset & Liability Management
Balance Sheet Optimization

Enterprise Risk Management

Business Areas

Risk Governance
Own Risk & Solvency Assessment
Risk Transformation

Health Insurance

Business Areas

Product Development & Pricing
Financial Reporting
Risk Assessment
Capital Management

Other Areas

Predictive Analytics

We have also seen actuarial skills being used in the new and developing field of data analytics which can be applied to both financial (including banks) and non-financial sectors.

Sales & Marketing

Actuaries also help set policies, messages and compensation levels for those directly involved in marketing.

Investment & Fund Management

Actuaries are involved in buying and selling assets, investment analysis and portfolio management. They also contribute in areas such as hedging strategy, derivatives structuring and structured finance.

Entrepreneurial Actuaries

The actuarial training generally provides one with a background in sound analysis, a curiosity for asking ‘Why’, and generally be a problem solver…