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Actuary - Wikipedia, the free encyclopedia
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Actuary
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Actuary
Damage from
Hurricane Katrina. Actuaries need to estimate long-term averages of such damage in order to accurately price property insurance and set appropriate reserves.
Occupation
Names
Actuary
Activity sectors
Insurance,
Reinsurance,
Pension plans,
Social welfare programs
Description
Competencies
Mathematics,
finance, analytical skills, business knowledge
Education required
See
An actuary is a business professional who deals with the financial impact of , p. 7).
Actuaries mathematically evaluate the likelihood of events and quantify the contingent outcomes in order to minimize losses, both emotional and financial, associated with uncertain undesirable events. Since many events, such as death, cannot be avoided, it is helpful to take measures to minimize their financial impact when they occur. These risks can affect both sides of the ).
The profession has consistently ranked as one of the most desirable in various studies over the years. In 2006, a study by ). In 2010, a stu...
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