[stillsut]

Actuary here: only 5% of billable-hours go into the concept of the math and probability behind setting appropriate price.

95% of the work involves translating the messiness of real-world into the model-based world. This is the type of thing that's obliviously difficult to automate: e.g. more difficult to build a robot-nurse than a robot-surgeon.

[a3n]

Yes, as I was following this subthread, I imagined that an actuary's real job was to recognize and model things to be insured or otherwise predicted. The math is just the executive summary.