What do actuaries do?

@cmauthe1 (267)
Canada
March 23, 2009 6:43pm CST
What exactly do these people do for work? It sounds like something to do with numbers or research or what? They must have to go to school to become one, right? I've heard the term before but don't know what it means. Thanks.
2 responses
@snowy22315 (181974)
• United States
24 Mar 09
To the best of my knowledge actuaries acess risk. They will run numbers on what people do and how they do it and access their risk for different types of diseases and things like that. I think that ther are many people who have different types of jobs and actuaries will access their risks for dying or having things happen to them. They work for insurance companies by and large.
1 person likes this
@cmauthe1 (267)
• Canada
24 Mar 09
Yes, that is what the very knowledgeable person who responded before you basically said - manage/assess risk. Sounds interesting, but too much for me... Thanks for your response and happy mylotting!
@sudalunts (5523)
• United States
24 Mar 09
I have a friend who is an actuary. She makes a lot of money, and lives in a half a million dollar home. Her husband does not work, he was staying home with their daughter. Now the daughter is in school, and the husband still stays home doing the day. The wife says she makes enough money and he does not have to work. Below is the definition of an actuary: An actuary is a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs. Actuaries may work for insurance companies, consulting firms, government, employee benefits departments of large corporations, hospitals, banks and investment firms, or, more generally, in businesses that need to manage financial risk. A career as an Actuary is better described as a "business" career with a mathematical basis than as a "technical" mathematical career
1 person likes this
@cmauthe1 (267)
• Canada
24 Mar 09
Thank you for your BR - you have explained this very well. Sounds like too much responsibility for me! Also, I would not like to have to go to school again - unless it was for something that really interested me... like geology! Happy mylotting.