Science in Actuarial Science - Job Description

Actuaries evaluate complex risks and assess the potential financial consequences of those risks. 

Typical responsibilities include:

• analysing statistical data, for example of accident rates
• computer modelling of statistics to determine potential risks
• preparing presentations and reports
• communicating findings to clients, managers and stakeholders
• keeping abreast of financial developments in the business world.

In insurance-related specialisms, actuaries must ensure that premium rates are set accurately and that adequate funds exist to meet claims.