What do actuaries do?

Actuaries are experts in: Evaluating the likelihood of future events—using numbers, not crystal balls. Designing creative ways to reduce the likelihood of undesirable events. Decreasing the impact of undesirable events that do occur. We are the leading professionals in finding ways to manage risk. read more

We manage risk. The future is uncertain and full of risk. Risk is the chance that an undesirable event will occur, but risk is also opportunity. That's where we come in. Actuaries are experts in: Evaluating the likelihood of future events—using numbers, not crystal balls. read more

What Actuaries Do Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize the cost of that risk. read more

Actuaries do not always attempt to predict aggregate future events. Often, their work may relate to determining the cost of financial liabilities that have already occurred, called retrospective reinsurance, or the development or re-pricing of new products. Actuaries also design and maintain products and systems. read more