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This question is about what an actuary does.
What do actuaries do on a daily basis?
On a daily basis, actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially events that are of concern to insurance and pension programs.
Actuaries use their skills in their daily work to evaluate the likelihood of certain events such as accidents, sickness, and property loss occurring. This evaluation allows them to create policies that minimize risk and maximize profitability for insurance companies or to develop pension plans for organizations.
Furthermore, their daily tasks often involve compiling statistical data and other information for further analysis. They may also estimate the probability and likely economic cost of an event such as death, sickness, an accident, or a natural disaster.
Additionally, actuaries are often involved in high-level business decision-making processes because they can calculate the financial impact of uncertainty and risk. They may also provide strategic advice to clients on issues such as investment strategies or new lines of business.
Compile statistical data and other pertinent information for further analysis
Estimate the probability and likely economic cost of an event such as death, sickness, an accident, or a natural disaster
Provide strategic advice to clients on issues such as investment strategies or new lines of business
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