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Actuary
01
a person whose job is to assess and calculate financial risks that an insurance company might come across
Example
Companies rely on actuaries to forecast future events, such as life expectancy and economic trends, to make informed business decisions.
The work of actuaries helps insurance companies set premiums, determine reserves, and develop strategies to minimize financial risks.
To become an actuary, one must pass a series of rigorous exams and have a strong background in mathematics, statistics, and economics.
An actuary is a professional who uses mathematical and statistical methods to assess risk and uncertainty in the insurance and finance industries.
Actuaries are crucial in designing insurance policies and pension plans, ensuring they are financially viable and sustainable.
