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Actuarial Science  

Last Updated: Jun 5, 2014 URL: http://guides.sju.edu/acutarialscience Print Guide RSS Updates

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What is an Actuary?


An actuary is a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics and financial theory to study uncertain future events, especially those of concern to insurance and pension programs. They evaluate the likelihood of those events, design creative ways to reduce the likelihood and decrease the impact of adverse events that actually do occur.

Actuaries work in life insurance, retirement systems, health benefit systems, financial and investment management and other emerging areas of practice. 

Society of Actuaries Website

 

Related Guides

By its nature, Actuarial Science is an interdisciplinary subject.  Please make use of these related guides:

Economics

Mathematics

Insurance

Finance

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