Actuaries are experts in:
- Estimating the probability of future events using mathematical methods of probability theory, statistics and financial mathematics.
- Creating innovative ways to reduce the likelihood of adverse events.
- Reducing the impact of those adverse events that occur.
Actuaries are leading experts when it comes to risk management. Possession of strong analytical skills, knowledge of business and understanding of the characteristics of human behavior enable quality management of complex risks to which today’s society is exposed.
Some of the ways we manage risk:
- We determine insurance premiums in car insurance taking into account many factors such as the type of car being insured and the details of the car owner.
- We develop different types of life insurance products so that you can enjoy adrenaline sports and feel confident that if something happens to you your heirs will be taken care of.
- We help companies establish retirement plans for their employees.
- We help banks manage their assets and liabilities and develop ways to manage financial risks.
Risk is at the heart of every problem we solve.
Given that risk exists in all areas, there is no better industry that deals with the financial impacts of risk than the insurance industry. We are traditionally the most represented in the insurance sector where we deal with life, health, property and liability insurance.
But our skills are transferable to other areas that need modeling and risk management.
Which companies require actuaries:
- Financial sector, such as banks or investment companies.
Transport industry, - The energy sector, such as the oil industry or the electricity sector,
- Environmental protection related to climate change.
