What Does an Actuary Do?


Quick Answer

An actuary uses math, statistics and computer software programs to analyze the risk of a financial decision. Insurance is a primary career sector. Insurance actuaries analyze the risk factors of individuals and groups, and offer a perspective on whether to issue coverage and at what premium.

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Full Answer

Actuaries also work for financial service companies and private employers. In these settings, they analyze the risks and rewards of a particular investment strategy and make a recommendation to clients or managers. While actuaries don't often have the ultimate authority in a decision-making situation, their proposals and advice are valued by company leaders and clients.

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