Actuarial

The Actuarial department develops insurance coverages and rates for State Farm.  Separate actuarial functions specialize in Property and Casualty or Life and Health insurance. 

We look for creative, resourceful problem solvers who want challenge, continual development, and the opportunity to succeed. Our employees work in a dynamic, ever-changing environment where variety in day-to-day work is the norm.

Department management is accessible and focused on providing challenging assignments and developmental opportunities for all employees. We provide financial support and study time at work to encourage successful pursuit of FCAS (Fellow, Casualty Actuarial Society) and FSA (Fellow, Society of Actuaries) designations.

When you add it all up, State Farm Actuarial just might be the place for you!

Property and Casualty (Auto / Fire)
Do you want to learn how to predict the future?  Come join our highly acclaimed Property and Casualty Actuarial department as an analyst or technician. Actuaries and support staff are involved at the heart of Enterprise business issues. Some of our work includes:

• Making pricing recommendations to meet financial and marketing objectives
• Performing research and statistical modeling to determine new factors to include in our rating plan
• Assisting field offices and Corporate departments
• Working with state regulators to implement new products, rating plans, and rate levels
• Developing new analysis tools for use by other associates
• Measuring and managing our catastrophe exposure and negotiating reinsurance contracts

Life and Health
As a leader in the insurance and financial services industry, we work to help maintain that leadership position. The Life and Health insurance fields offer ample opportunity for actuarial candidates in our department. Some of our work includes:

• Designing and launching new products
• Modeling assets and liabilities
• Reviewing all facets of experience studies
• Understanding the implications of new regulations and tax law changes

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