What is an insurance actuary?

An insurance actuary is a professional who analyzes and manages risks for an insurance agency. The actuary determines if the asset provides an acceptable level of risk and advises the agent or customer on whether the company can secure those assets.

What is actuary science?

Actuary - Career Rankings, Salary, Reviews and Advice. "Actuarial science is the systematic study of insurance data, i.e. data that relate to morbidity or mortality or financial loss due to an adverse event," Orfanos wrote in an email.

How do actuaries help insurance companies manage financial risks?

In summary, actuaries help insurance companies manage financial risks by providing insights and recommendations related to pricing, reserving, and capital modelling.