Actuary
Optimizer of risk-based decisions and forecasts
Fields of activity | Actuary
As an actuary, you’ll calculate the probabilities of specific claims occurring and assess potential financial impacts. Using statistical data and mathematical models, you’ll analyze risks and create forecasts. Your calculations will help determine insurance premiums and coverage amounts to minimize financial uncertainty.
Beyond that, your role as an actuary includes developing complex models to ensure the financial stability of insurance companies and optimize various processes in the insurance sector. These models will support management in making well-informed and data-driven decisions. You’ll also utilize various software tools and programs to partially automate calculations.
Personal requirements | Actuary
- Mathematician competence
- Statistician understanding
- Analytical thinking
- Independent work
- Sense of responsibility
Path to the profession | Actuary
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Take the testPotential jobs | Actuary
As an actuary, you’ll primarily work for insurance companies and brokers. Your expertise will also be in high demand at consulting firms, public authorities, and financial services providers. Additionally, you may find employment at social insurance institutions, government ministries, or investment firms. While you’ll spend most of your day at a computer in your office, your work may also involve presentations and meetings.