Compile statistical data for insurance purposes

Produce statistics on potential risks such as natural and technical disasters and production downtimes.

compose statistical data for insurance purposes
collect statistical data for insurance purposes
produce statistics for insurance purposes

skill/competence

sector-specific

Compile statistical data for insurance purposes is an essential skill of the following occupations:

Actuarial assistant: Actuarial assistants perform statistical data research in order to set premium rates and insurance policies. They review the possibility of accidents, injuries and property damage by using statistical formulas and models.
Insurance agency manager: Insurance agency managers coordinate and oversee the operations of an institution or a branch of an institution that offers insurance services. They provide clients with advice on insurance products.

Compile statistical data for insurance purposes is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Financial manager: Financial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, equity and cash flow aiming to maintain the financial health of the company and operative viability. Financial managers evaluate the strategic plans of the company in financial terms, maintain transparent financial operations for taxation and auditing bodies, and create the financial statements of the company at the end of the fiscal year.
Financial risk analyst: Financial risk analysts correctly identify and review potential risk areas threatening the assets or capital of organisations. They specialise in either credit, market, operational or regulatory risk analysis. They use statistical analysis to evaluate risk, make recommendations to reduce and control risk and review documentation for legal compliance.
Insurance risk consultant: Insurance risk consultants prepare reports for insurance underwriters. For this purpose, they undertake surveys in order to determine the potential financial risk for personal products, properties or sites.
Statistical assistant: Statistical assistants collect data and use statistical formulas to execute statistical studies and create reports. They create charts, graphs and surveys.

References

1. Compile statistical data for insurance purposes – ESCO