Actuarial Science in Sports

Actuarial Science in sports involves applying mathematical and statistical methods to assess and manage risks related to athletic performance, injuries, and financial aspects like insurance, contracts, and team investments. Actuaries analyze data to predict outcomes, determine fair insurance premiums, and guide decision-making for athletes, teams, and organizations. This field combines sports knowledge with quantitative skills to optimize risk management, ensuring sustainable operations and informed strategic planning within the sports industry.