How do Actuaries make a difference? Property casualty actuaries research risks that involve damage to property and payments that individuals or businesses may be obligated to pay, if found legally liable. They use a variety of mathematical and statistical techniques to compute prices for insurance products, estimate outstanding liabilities, forecast future financial results, analyze enterprise risks and capital requirements, develop predictive models and assist with strategic and financial planning.
Life actuaries develop life insurance and annuity products, perform experience studies for mortality, persistency and expenses, determine reserves for future claims and forecast future financial results.
Am I equipped for this role? Actuaries generally have undergraduate degrees in mathematics, applied mathematics, actuarial science, chemistry, physics or another discipline that requires a rigorous study of mathematics.