Which of the following is NOT a typical task of an actuary?

An actuary primarily focuses on the assessment, measurement, and management of risk, particularly in the insurance industry. Evaluating risks for pricing insurance is a fundamental task that allows insurers to set premiums appropriately based on the anticipated likelihood and financial impact of claims. Additionally, performing statistical analysis is central to an actuary’s role, as it involves the application of complex mathematical and statistical methods to analyze data and inform decisions about risk and pricing. Projecting future loss trends is also a crucial activity, allowing actuaries to predict future claims based on historical data and patterns, which informs reserve requirements and financial projections for insurance companies.

In contrast, administering claims payments is typically not a task performed by actuaries. This task is generally handled by claims adjusters or claims management teams, whose role focuses on the claims process, including evaluating the validity of claims and managing the payment of settled claims. Thus, while actuaries play a vital role in determining how to price these claims through risk assessment and statistical analysis, the administration of claim payments falls outside the typical responsibilities of an actuary.