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An actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuaries are experts in probability and statistics, and they use their skills to calculate the financial risks of uncertain future events. They work in the insurance industry, the healthcare industry, the investment industry, and a variety of other fields.
Actuarial science is the study of risk and uncertainty. It is the application of mathematics and statistics to the insurance and financial industries. Actuarial science professionals use their skills to help businesses and individuals understand and manage financial risks.
Actuaries use mathematical models to calculate the risk of events such as death, sickness, injury, or loss of property. They then use this information to price insurance policies and pensions, and to advise businesses and individuals on the best way to manage their financial risks.
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The topics of actuarial science include:
The applications of actuarial science include:
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