As you’ll be aware an actuary is someone that analyses data and works with risk metrics and statistics, using mathematical skill to assess or predict the probability of an event happening and its financial consequences. Actuaries are problem solvers and strategic thinkers with a deep understanding of the financial world. The decisions of actuaries can affect thousands of people and therefore it has a lot of responsibility.
Wherever there is a risk, there are opportunities for actuaries.
What type of roles will actuarial graduates fulfill?
Actuaries are responsible for managing risk; using analyses based on mathematics, financial models, historical trends, and predictive actuarial models. They help financial organisations to plan and prepare by predicting the effects of risk and change.
In insurance-related areas, actuaries work to assess what levels or rates of insurance companies should set for individuals and businesses, based on the scale of risk involved. They also perform legislative and advisory work, such as reporting detailed financial forecasts to senior management, making sure the organisation stays within the required legislation.