Actuaries

About the Role

Actuaries analyze financial risks using mathematics, statistics, and financial theory, primarily to help organizations manage their future financial uncertainties.

Other Common Titles

Risk Analyst
Insurance Actuary
Pension Actuary
Consulting Actuary
Life Actuary
Health Actuary

Typical Tasks

Assessing risk and uncertainty through statistical analysis.
Creating financial models to predict future events and their financial impact.
Calculating premiums and reserves for insurance policies and pension plans.
Advising clients on risk management and financial decision-making.
Collaborating with underwriters and product development teams to design insurance products.
Preparing reports and presentations to communicate findings to stakeholders.
Monitoring and analyzing economic and demographic trends to adapt risk strategies.

Notable People

Elizabethtown College Actuary Alumnus – A recognized leader in the field, contributing to the development of actuarial science education.
Robert J. Myers – An influential actuary and one of the architects of the Social Security program in the United States.

Recommended Resources

Society of Actuaries
A professional association that provides resources, education, and networking opportunities for actuaries.
Actuarial Outpost
An online community where actuaries and aspirants can discuss industry trends, exam strategies, and career advice.
The Actuary Magazine
A publication of the Society of Actuaries offering insights, articles, and news related to the actuarial profession.
Actuary Exam Study Guide
A comprehensive guide designed to help aspiring actuaries prepare for professional examinations.