Considered as one of the few niche professions, the life of an actuary is both fulfilling personally and challenging professionally. Why we enjoy recognition and respect is because we play a key role in the psychological, physical and financial stability of the society. Our ability to forecast future risks and opportunities by using statistical and mathematical tools comes handy to insurance companies, financial planners and advisors and MNCs hence the phrase being commonly used for us, “Part super‐hero. Part fortune‐teller. Part trusted advisor.”
Actuaries are believed to be experts in evaluating the likelihood of future events, designing creative ways to reduce the likelihood of undesirable events, decreasing the impact of undesirable events that do occur. A common misconception about our field of work is that the need to an actuary is limited to an insurance company whereas you will easily find us where ever there presence of risk and the related fields. Our skills and talents are transferable to any industry that requires risk modelling and management, including; Financial services, such as banking and investment management,transportation, such as shipping and air travel, energy, such as utilities, oil, and gas, environment, on issues such as climate change. We also work with government institutions such as Social Security, the Department of Labour, and Medicare to manage social programs and to develop regulations and legislation. From top companies like Towers Watson, ING, PricewaterhouseCoopers to Nationwide Insurance company, Aon Hewitt,
Prudential and Manulife, the endless list of employers are happy to have us on board! We also work for; Colleges and universities, banks and investment firms, public accounting firms, labour unions, rating bureaus and fraternal organizations.