Dream Big!
Actuaries are involved in almost every aspect of the business. This includes the development and pricing of new products and services, investment management, marketing, administration and a wide range of general management responsibilities.
A large proportion of actuaries in this field attain senior management positions.
Some actuaries specialize in the probabilities of loss arising from events such as sickness,disability and losses caused by fires, theft, windstorm, or automobile accident. They are employed by insurance companies and brokerages, consulting firms, government organizations, and universities. Some actuaries have expanded their work to include valuing environmental damage costs.
The actuaries working in the pension field advise employers, labour unions and trustees on the design, funding, and administration of public and private pension plans and other employee benefit plans.
Actuaries are routinely called upon to give evidence in court as expert witnesses to assess actuarial present values for damages and awards in legal and court proceedings.
Actuaries working in this emerging field take an enterprise-wide view of risks and focus on issues such as operational, credit or regulatory risk assessment and the development of strategies to manage and mitigate these risks with a view of increasing the long-term value of the firm.
Actuaries are hard at work to improve medical insurance plans by identifying the long-term savings possible through alternative treatments or the introduction of new drugs.
Actuaries help investment fund managers devise long-term strategies to help balance investment risk and return.
