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National Earnings
Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.
Where do these numbers come from?
National Employment and Outlook
Outlook
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increasing
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The employment change from 2021 to 2031 is estimated to be +21%.
(The National average for all occupations is +5%)
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Job Openings
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very small number
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Less than 1000 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
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Employment
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small occupation
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This was a small occupation in the United States, employing 28,300 workers in 2021.
(The National average for all occupations is 142,207 workers)
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Growth
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Much faster than average growth
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Actuaries will be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new risks. More actuaries also will be needed to help companies manage their own risk, a practice known as enterprise risk management. Insurance companies will need actuaries to analyze the large amount of information, such as medical or property data, collected from consumers.
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Industries
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Large concentrations of this occupation are found in these industries
- Finance and insurance (NAICS520000) (74.4%)
- Insurance carriers and related activities (NAICS524000) (72%)
- Insurance carriers (NAICS524100) (54.6%)
- Agencies, brokerages, and other insurance related activities (NAICS524200) (17.4%)
- Direct insurance (except life, health, and medical) carriers (NAICS524120) (14.4%)
- Direct health and medical insurance carriers (NAICS524114) (13.7%)
- Professional, scientific, and technical services (NAICS540000) (13.2%)
- Management, scientific, and technical consulting services (NAICS541600) (11.3%)
- Insurance agencies and brokerages (NAICS524210) (10.8%)
- Other insurance related activities (NAICS524290) (6.5%)
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