General insurance What is an Actuary

Builder Samuel

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Actuaries work in a number of Insurance fields such as Life, Health, Pensions, Annuities, Asset Management, Property & Casualty (Auto, Home, Marine, etc), Enterprise Risk Management, and Investments.

Actuaries use skills in mathematics, economics, finance, probability, statistics, and business to help businesses quantify the risk of certain events occurring, and to formulate policies that minimize the cost of that risk. For this reason, actuaries are essential to the insurance and reinsurance industry, either as staff employees or as consultants.
 
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