An actuary is a business professional who deals with the financial impact of risk and uncertainty.
Actuaries use skills in mathematics, economics, computer science, finance, probability and statistics to help businesses assess the risk of certain events occurring and to formulate policies that minimize the cost of that risk.
An Actuary deals with the business of insurance and is responsible for many areas under the broad category of insurance. The actuary is an individual who will analyze important data such as mortality, sickness, and injury and disability rates and use that information to aid those involved with insurance. An actuary is responsible for collecting the data to forecast future risks and see how these predictions will affect various aspects of insurance.
Actuaries work in the following areas:
» Enterprise Risk Management
» Actuarial Systems