Actuarial Mathematics

Actuaries are essential employees because they determine future risk, make price decisions, and formulate investment strategies. The study of actuarial mathematics presents an opportunity to apply mathematical models to real-life problems to come up with solving strategies, such as those related to business and finance. Some actuaries also design insurance, financial, and pension plans and ensures that these plans are maintained on a sound financial basis. Most actuaries specialize in life and health or property and casualty insurance; others work primarily in finance or employee benefits. Some use a broad knowledge of business and mathematics in investment, risk classification, or pension planning.

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Last modified: November 08, 2010 10:31:15