Practice areas
Actuaries work across a growing number of industries. Each primary practice area is supported by a practice committee which drives thinking and activity. Explore committees, research and events for each practice area.
Practice area
Climate and sustainability
Climate change has significant environmental, economic, and social impacts. As risk experts, actuaries have an important role in assessing and managing climate-related risks to support informed decision-making.
Practice area
Data science and AI
Our actuarial community is full of vibrant and pioneering data science and AI experts. In a world driven by data, actuaries add value as strategic visionaries. They ensure that data-driven decisions align with long-term business goals and societal needs.
Practice area
General insurance
General insurance actuaries use data analysis and models to measure risks and to create solutions that balance fair premiums with coverage needs.
Practice area
Health
Health actuaries ensure the financial stability of health insurance products and manage healthcare-related risks.
Practice area
Life insurance
The actuarial profession's roots are in life insurance, with over a quarter of Australian actuaries still working in this field. Life actuaries play a crucial role in creating sustainable products and managing business operations effectively.
Practice area
Risk management
Enterprise Risk Management (ERM) is the process where organisations assess, control, finance and monitor risks to increase organisational value. A Chartered Enterprise Risk Actuary (CERA) qualification adds further strength to an ERM actuarial qualification.
Practice area
Superannuation and investments
Superannuation is a major source for Australia's national savings and retirement income. Actuaries help design and manage superannuation funds and employee benefit schemes for industry sectors, employers, employees, and individuals. Actuaries in investments work closely with asset managers, institutional investors and financial regulators, advising on portfolio construction, asset-liability management and compliance with regulatory frameworks.
Professionalism
Professionalism and ethics
Professionalism is the cornerstone of actuarial practice. Members are bound by a code of conduct, rigorous professional standards and have a responsibility to act in the public interets. Part of this includes Continuing Professional Development (CPD) requirements to complete a minimum number of professionalism training hours each year.
Professional Standards and regulation
Professional Standards and Guidance
To uphold the standards of our profession and the practice of our members, we develop and maintain rigorous professional standards and effective practice guidance via practice documents.
Industries
Other areas of actuarial practice
Many actuaries use their skills across a wide range of other industries. These include banking, reinsurance, consulting, government and within regulatory agencies, information technology and more.
Practice-specific training is just one of the benefits of membership.
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