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An actuary is a business professional who designs solutions to problems that involve financial risk or future uncertainty.
Most actuaries work in the financial services sector - including insurance, pensions, healthcare funding, investment and banking – in technical, consulting and general management roles. Their work includes:
• Working out an appropriate price for insurance contracts;
• Advising on how to manage funds so as to be able to pay insurance benefits and pensions as and when they fall due – which might be many years from now;
• Advising on the amount of savings needed so as to have a comfortable retirement;
• Developing mathematical and financial models to help companies to understand and manage their risks in today's complex and rapidly changing financial environment.
Reinsurance Pricing Manager, Athora Ireland
Head of Capital Management, AIB
Chairman, Society's Banking and Aviation Finance Committee