ACTUARIAL Who Are Actuaries? Actuaries work to evaluate risk and opportunity, applying mathematical and statistical analysis methods across a range of business problems. Actuaries are strong strategic and mathematical thinkers, as businesses across several sectors and governments rely on actuaries to measure the probability of future events.
Skills of Actuaries Actuaries are able to apply their skills across a multitude of business areas. Insurance, superannuation, wealth management, health financing and banking, are the more readily recognised fields in which actuaries work. However, actuaries also work in new, high-growth fields such as data analytics, energy resources and sustainability areas.
COMMON DUTIES
The nature of the critical thinking and problem solving skills developed by actuaries allows them the qualifications to work in several industries and address real-life problems. This analysis contributes to important facets of business such as risk management, decision making and data analytics.
Actuaries can work with organisations such as: CA, EY, PwC, Deloitte
Collecting, interpreting, and ensuring the accuracy of large amounts of data.
Use actuarial modelling software in order to find important trends and determine the probability of the given events occurring in the future.
Advise stakeholders on how they might be able to limit risk to take advantage of an opportunity to achieve risk management, operational efficiency and business performance.
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