Health care

Every human being at some point in their lives will require access to health care – and as Canada’s health landscape continues to evolve in terms of costs, demographics, demand, and treatment options – actuaries play a key role in assisting employers and governments alike in managing their programs to support Canadians. 

“Designing sustainable benefit packages for businesses and employees alike”

Using a blend of mathematics, statistics, and financial theory, actuaries working in the health-care industry highlight and help mitigate financial risk. Together, they:

  • Establish insurance premium rates based upon reported health data
  • Evaluate the cost of medical programs
  • Help employers develop comprehensive benefit programs, including medical and dental
  • Ensure benefit programs are sustainable and that employees are extracting high-value benefits for the right cost
Canadians can rely on the expertise of actuaries to provide people with adequate and financially sound health-care coverage. 

Curious how you can help protect the health of Canadians?

The actuarial career path isn’t all about risk – it comes with a variety of rewards, too. From developing products that influence individuals’ quality of life for the better to tackling complex problems and designing realistic and understandable solutions, actuarial careers are multi-faceted and intriguing. 

You may also like…