Living in a world full of risks, the important thing is to know how to cope with them. Especially in financial terms, taking risks can be extremely dangerous. This is where actuaries come in. They analyze the risks mathematically, figure out the probability of something happening, and produce charts and graphs to explain their calculations. They tell companies which actions they should adopt to benefit from future damages, or how much they should charge their clients to survive any damage that can occur in the future. This puts them in a crucial position in the insurance business.
Today, actuaries work in insurance companies or banks. However, the rivalry between companies and jobs show that eventually, they will become essential to every business. Highly trained in mathematics and finance, these risk-calculators are also social and political experts. This makes it a difficult and hard-to-be-successful job, but nevertheless, promises a good paycheck once you’re fully equipped.
