21213

Actuary

Actuary deals with statistical, mathematical and financial calculations mainly involving the probability of future payments or contingencies in pension or insurance plans. He/she evaluates risks, calculates premium rates and constructs tables of probability for contingencies such as mortality, disability, sickness and accidents and prepares contract provisions of insurance and pension plans. He/she determines proper bases and methods for evaluating liabilities of insurance and pension organisations and equitable bases for distributing surplus earnings under profit-sharing insurance and annuity contracts.

SSOC hierarchy Crosswalks

Level

unit

Mapped ISCO

Source

SingStat

In this unit group: sibling units

unit-group 2121 Mathematicians, Operations Research Analysts and Actuaries unit 21211 Mathematician unit 21212 Operations research analyst

Official data

Official name	Singapore Standard Industrial Classification (SSOC 2024)
Issuing authority	Department of Statistics Singapore (SingStat / DOS)
Tax authority	Inland Revenue Authority of Singapore (IRAS) (IRAS)
Purpose	Classifies occupations in Singapore for labour statistics, workforce planning, and international reporting.
Active version	SSOC 2024 (21 Mar 2024)
Hierarchy level	Unit (final leaf, 5-digit)
Source	https://www.singstat.gov.sg/standards/standards-and-classifications/ssic
Prior versions	SSIC 2020, SSIC 2015

Definition & tasks

Tasks

No tasks listed.

Examples

Under this unit

• Actuarial consultant • Insurance actuary

Elsewhere

• Insurance services manager, see 13462 • Mathematician, see 21211 • Statistician, see 21221 • Statistical officer, see 21231 • Actuarial officer, see 21239 • Insurance underwriter, see 24160 • Insurance adjuster, see 33152 • Statistical assistant, see 43141

Hierarchy context

2→21→212→2121→21213 Actuary

Major group

2 PROFESSIONALS

Sub-major

21 SCIENCE AND ENGINEERING PROFESSIONALS

Minor group

212 MATHEMATICIANS, ACTUARIES, STATISTICIANS AND RELATED PROFESSIONALS

Unit group

2121 Mathematicians, Operations Research Analysts and Actuaries

Correspondence tables

SSOC 2020

21213 — Actuary

ISCO-08

2120 — Mathematicians, actuaries and statisticians

Alphabetical index entries

Principal Title 21213 Actuary Alternative Title 21213 Actuarial analyst Alternative Title 21213 Actuarial consultant Alternative Title 21213 Chief actuary Alternative Title 21213 Insurance actuary SFw Title 21213 Head of Reserving and Pricing Actuarial (Product Solution and Management) (SFw-Financial Services)

Data source: Department of Statistics Singapore (SingStat / DOS) (https://www.singstat.gov.sg/standards/standards-and-classifications/ssic). Official SSOC 2024 workbooks.

Last refresh: 21 Mar 2024. Version: SSOC 2024.

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