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Actuary - Wikipedia Actuaries use skills primarily in mathematics—particularly calculus -based probability and mathematical statistics —but also economics, computer science, finance, and business For this reason, actuaries are essential to several sectors:
What is actuarial science? (Don’t major in it!) Actuarial science is the field of study relating to the quantification of risk using math, probability and statistics These highly specialized skills are primarily used in the insurance industry to ensure that insurance companies are financially stable now and for decades into the future
What is an Actuary? | SOA Actuaries are highly sought-after professionals who develop and communicate solutions for complex financial issues Actuaries measure and manage risk Actuaries have a deep understanding of mathematics, statistics and business management With this, they help businesses grow and provide value to their customers
What Is An Actuary? | Institute and Faculty of Actuaries Actuaries are problem solvers and strategic thinkers, who use their mathematical skills to help measure the probability and risk of future events They use these skills to predict the financial impact of these events on a business and their clients
What Does an Actuary Do? A Complete Guide to Roles, Skills, and Career . . . In this guide, we’ll break down their daily responsibilities, industries they work in, and how to build a successful actuarial career Actuaries specialize in translating uncertainty into actionable insights Here’s a closer look at their primary tasks:
What Does an Actuary Do? 2025 Career Guide | Coursera Actuaries play a key role in strategic planning for industries like insurance Explore what you can expect if you choose to work in this position, including the average salary and career path to get started Actuaries have a strong earning potential and ample opportunities for advancement
What Is an Actuary? - Forage Ken Williams, FCAS, MAAA, and staff actuary for the Casualty Actuarial Society, sums it up: “Actuaries are financial forecasters [We] use our knowledge of statistics, finance, data science, and business operations to place a financial value on determining risks ”