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Actuarial Science

What is an Actuary?

Actuaries put a price tag on risk. They are the leading professionals in finding ways to manage risk, and are experts in:
  • evaluating the likelihood of future events;
  • reducing the impact of undesirable events; and
  • designing creative ways to reduce the likelihood of undesirable events.

Actuaries apply their mathematical expertise, statistical knowledge, economic and financial analyses, and problem-solving skills to a wide range of business problems. They help companies evaluate the long-term financial implications of their decisions; they develop new ways to manage risk; and they estimate the costs of uncertain future events ranging from tornadoes and hurricanes to changes in life expectancy.

Selected Books