DW Simpson Fall Newsletter 2025
As we move into the final stretch of the year, our focus remains on helping you stay ahead!
Whether you’re advancing your career, growing a high-performing team, or preparing for actuarial exams, DW Simpson is here to help!
The Updated DWS Salary Surveys are Now Available!
Our updated salary-survey insights reveal that actuaries in hybrid roles, blending data science (Python, R, SQL) with actuarial practice, are seeing 10-15% higher compensation on average.
Add your info to next year’s Salary Survey:
For more info on the Salary Survey, visit our blog:
DID YOU KNOW ?
| In 2023, the pumpkin spice industry in the U.S. exceeded $800 million in annual sales, and forecasts suggest this will grow to around $2.4 billion by 2031 | The end of Daylight-Saving Time each Fall is linked to a 16% increase in car accidents on the Monday following the switch. |
| Data shows that home insurance claims rise in Fall due to storms, slippery leaves, and early frosts. | 46 million turkeys, 50 million pumpkin pies, and 20% of all cranberries are eaten each Thanksgiving, and the average Thanksgiving meal contains 4,500 calories! |
Fall 2025 Actuarial Market Outlook
Today’s actuaries are increasingly working at the intersection of traditional risk modeling and emerging risks such as cyber, climate, and cross-industry exposures.
The Actuary of Tomorrow: Careers, Skills, and Market Trends – DW Simpson
Our recent blog provides insights on preparing for your future in the industry.
Some Key Takeaways Include:
- The actuarial job market is one of the most resilient and stable professional job markets, with demand for actuaries continuing to outpace supply.
- As risks evolve, including climate change, cybersecurity, and pandemics, the role of the actuary is expanding into areas once reserved for consultants, data scientists, and C-suite executives.
- Traditional actuarial models will increasingly blend with AI and machine learning in actuarial work, uncovering deeper insights with greater speed.
For a more in-depth look at the market, open our 2025 Market Trends report:
ACTUARY SPOTLIGHT
Read the full interview here:
Share Your Story – Lahiru Somaratne – DW Simpson
Where do you see the greatest opportunities for AI in Actuarial Science?
I believe some of the most exciting opportunities in actuarial science come from the rise of multimodal data and multimodal AI models. Traditionally, actuaries worked with structured, regularly reported numbers—claim counts, paid losses, exposures. But today, risks can be described by many different kinds of data: claim notes written in text, medical images, telematics from cars, or climate measurements, often recorded at different intervals.
The exciting development is that multimodal large language models (LLMs) are starting to handle exactly this kind of variety. They can combine text, numbers, images, and even sensor data to uncover relationships that would be difficult to capture with a single data source.
If actuarial science can leverage these advances, we’ll be able to build models that don’t just predict losses more accurately but also help us understand the drivers of risk in a richer, more holistic way. This opens up opportunities across pricing, reserving, underwriting, and risk management.
– Lahiru Somaratne
Interview Preparation Guide
Preparing for an interview can feel overwhelming and even intimidating. Trying to predict what questions the interviewer will ask, and what their expectations are for a new hire can be daunting. Whether you’re just starting out or stepping up to a more senior role, every interview is an opportunity to show not just what you know, but how you think and collaborate.
Our Interview Preparation Guide for actuaries is here to help you feel confident at every stage of the interview process. You’ll find practical tips, example questions, and insights from experienced actuaries who’ve been on both sides of the interview table.
MEET OUR RECRUITERS
We are looking forward to meeting you next year at the CAS and SOA meetings!
CHECK OUT OUR RECENT BLOGS!
Building the Next Generation of Actuarial Leaders – DW Simpson
Driving Sustainable Productivity in Actuarial Teams – DW Simpson
Why Do Humans Struggle with Probability? – DW Simpson
Beating Procrastination: A Guide to Taking Action Today – DW Simpson
Subscribe to be notified when our new blogs are published!
FEATURED JOBS
Property & Casualty Insurance
Step into a leadership role where your skills can truly shine! Our client is a P&C insurer that is seeking an FCAS or career ACAS with 12+ years of experience to be their VP, Actuary – Financial Reporting. This role will act as a technical & strategic partner across actuarial reserving, regulatory reporting, and data governance. The best fit for this position will have strong analytical skills, experience in reserve analysis, and a firm grasp of tools such as Power BI, SQL, and Excel. (#57915)
A leading global program manager operating across the world is in search of a lead Actuary – Pricing, who will play a pivotal role in shaping & executing actuarial pricing strategy for its North American portfolio. The ideal candidate would be an ACAS or FCAS with 5-7 years of actuarial experience, including 3 years in pricing and program analysis. Must have knowledge of multiple commercial & personal lines and familiarity with rate monitoring automation, cloud-based actuarial processes, and data visualization. (#57857)
This role presents a clear path forward to greater skills, responsibilities, and compensation. P&C client is seeking a Pricing Actuary with GLM/Machine learning experience to join their growing team. This individual will help identify rating structure improvements, build GLM/ML models, and support product and underwriting with rate indications. The ideal candidate would be a student actuary, ACAS, or career ACAS with 3+ years of actuarial experience, strong knowledge of data analysis & forecasting methods, and proficiency with Radar and Emblem software. (#57889)
Be part of an organization that is involved in providing a much-needed public benefit! National service provider is in search of an Actuary who will lead rate analyses & residual market mechanisms, including development of pricing models, trend analyses, and reserve reviews. The ideal candidate will have 8+ years of experience, be near or have achieved FCAS designation, and have familiarity with catastrophe models (RMS, AIR) & interpreting modeled loss outputs. Must have excellent communication skills and previous leadership experience. (#57790)
Life Insurance
This is a perfect opportunity to move up to the next level, become the next Actuarial Valuation Director. Texas based insurance company is in search of an established actuarial leader with deep expertise in AXIS modeling and a strong grasp of annuity products & asset-liability modeling. This individual will lead the investigation, development, and implementation of Principles Based Reserves and shape the future of annuity valuation & risk management. The ideal candidate would be an FSA with 6+ years of experience, solid leadership skills, and proven insurance business knowledge. (#57921)
Northeast Life client is seeking a Senior Actuarial Associate – Valuation. This candidate will be responsible for accurate reporting of the statutory financials, model and assumption changes, and cash flow testing, including quarterly analysis & year end memo work. The ideal individual would be an ASA or Near-ASA with 3+ years of actuarial experience, including variable annuity experience. Must have strong analytical skills as well as proficient technical skills, particularly in Power BI or Tableau. (#57799)
Well known Life client has a great opportunity for a talented Director level Actuary who will lead rate-setting and manage pricing for current MYGA/FIA products as well as ensure profitable growth of the company’s annuity book through collaboration with corporate functions. The ideal candidate is an FSA or near-FSA with 7+ years of actuarial experience in life and annuity insurance. Must have a strong understanding of annuity products, the ability to solve complex & ambiguous problems, and proficiency in MG ALFA and Python. Individual annuity pricing experience is a plus. (#57884)
Health Insurance
Well-established health client is in search of a Manager, Actuarial Services. This individual will manage a team that performs actuarial research, experience studies and statistical analyses. Additional responsibilities include developing recommendations to management, providing support for financial forecasts, and evaluating the government reimbursement process to determine areas of risk & opportunity. The ideal candidate will be an ASA or FSA with 4+ years of experience, including Medicare / Medicaid / MediCal knowledge. Must have strong leadership skills and proficiency in SQL. (#57813)
If you would like to view a comprehensive list of our current jobs, click below:
Career Resources and Guidance
Our team is committed to providing comprehensive career resources and guidance to help actuaries at all career stages thrive. Whether you’re a recent graduate exploring entry-level opportunities or a seasoned professional seeking a Chief Actuary role, DW Simpson is here to support your career journey. For more information, visit our website at Actuarial Recruiting Firm – DW Simpson
CONNECT WITH US
Email: actuaries@dwsimpson.com
Phone: 1-800-837-8338
Phone: 1-312-867-2300
DW Simpson – Global Actuarial & Analytics Recruitment
1801 W Warner, Suite 203, Chicago, IL 60613