actuary

An actuary is a professional who uses mathematics, statistics, and financial theory to assess and manage risk, primarily in insurance, pensions, and financial investments. They analyze data to predict the likelihood of future events, such as accidents, natural disasters, or health issues, and estimate the costs associated with these risks. This helps companies set appropriate premiums, ensure financial stability, and plan for future obligations. Essentially, actuaries combine analytical skills with business insight to help organizations make informed decisions about uncertain future events, balancing risk and reward effectively.