What do Actuaries do?

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dimpy.handa

Dimpy Handa
a) Actuaries Make Financial Sense of the Future
b) Actuaries Enable More Informed Decisions
c) Actuaries Balance the Interests of All
 
There are a variety of specific duties which an actuary must carry out on a daily basis. The first duty which an actuary must undertake in their job role is to review a variety of documents. These documents relate to statistical information, insurance plans, annuity plans, pension plans, contracts and company policies. The overall goal in reviewing these various document is to construct guidelines for which the companies can follow with their customers and employees.

Once the actuary has reviewed all of the pertinent documents, the individual must then construct concise tables evidencing the results of the intense document review. The tables will diagram the statistical evidence as well as highlight the recommended route to pursue with regard to disbursements, premiums and retirement funds.
 
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TALKING ABOUT ACTUARIES, MY FRIENDS ARE PURSUING IT AS A CAREER AND EVEN MY DAD HAS TALKED TO ME ABOUT IT A LOT.

ACTUARIES BALANCE OUT THE COMPLETE SCENARIO AND ENVIRONMENT. TAKING THE SWOT OF ALL FIELD WITH PUBLIC, EMPLOYEE, MANAGER AND OWNERS EXPECTATION DIVISE OUT PLANS THAT BRINGS PROSPERITY FOR ALL..

ACTUARIES MAKE THE INSURANCE PLAN WITH RISK RETURN MANAGEMENT AND CRITICAL STUDIES. WORK OF ACTUARIES IS NOT A SINGLE HANDED TASK BUT A TEAM WORK CAN MAKE IT A GREAT SUCCESS....
 
An actuary: Technically speaking the job of an actuary is to assess the financial impact of an uncertain future event. Roughly speaking they look at the financial aspect of disasters, sarcastically speaking they are financial astrologers.

An actuary has to combine the skills of a statistician, economist and financier and employ techniques of probability, compound interest, law, marketing, management etc to predict the outcome of future contingencies and design solutions to lessen the financial severity of such events.
 
actuaries work for a variety of employers, including:

Insurance companies
Consulting firms
Government insurance departments
Colleges and universities
Banks and investment firms
Large corporations and public accounting firms
 
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