A specialist who uses mathematics and statistics to evaluate financial risk for insurers, pensions, and other institutions.
What actuaries do
Actuaries model the likelihood and cost of future events to price insurance products, set pension contributions, manage reserves, and quantify enterprise risk. They build cash flow projections, run sensitivity tests, and present findings to executives and regulators.
Training path
Most US actuaries hold a bachelor’s degree in actuarial science, mathematics, statistics, or economics. They progress through exam series from the Society of Actuaries or Casualty Actuarial Society to earn Associate and Fellow designations over five to ten years.
Specializations
Specializations include life insurance, health, property and casualty, retirement and pensions, enterprise risk management, and predictive analytics. Many actuaries also work in regulatory roles or consulting.
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Actuary starts with A and ends with Y. Browse other professions along the same letter.
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