Actuaries evaluate risk and opportunity – applying mathematical, statistical, economic and financial analyses to a wide range of business problems.
Insurance, superannuation, wealth management, investments, health financing and banking, are the more readily recognised fields in which actuaries work, but they also work in new, high-growth fields, such as data analytics, energy resources and the environment. Many actuaries also hold executive positions in the operational management of financial institutions.
Defining, analysing and solving complex financial and business problems relating to areas such as insurance premiums, annuities, superannuation funds, pensions and dividends
Examining financial projections for general insurance companies, finance companies, government and other organisations
Designing new types of policies, assessing risks and analysing investments in life insurance, superannuation funds, health insurance, friendly societies, financial markets and other areas
Formulating mathematical models to simulate processes applying models to experimental observations, and adjusting and recasting the models using numerical analysis methods to develop algorithms and perform computations
Evaluating and describing the reliability and utility of source information
Analysing and interpreting data, and producing relevant statistics to describe trends and patterns
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