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Reference Information: Actuaries
- Article from:
- Occupational Outlook Handbook
- Article date:
- January 1, 2004
- Author:
CopyrightCopyright U.S. Superintendent of Documents 2004/2005. Provided by ProQuest LLC. (Hide copyright information)
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Computer and Mathematical Occupations
(0*NET 15-2011.00)
Significant Points
* A strong background in mathematics is essential.
* About 6 out of 10 actuaries are employed in the insurance industry.
* Employment opportunities will be good despite the limited number of openings in this small occupation, as stringent qualifying requirements limit the number of new entrants.
Nature of the Work
One of the main functions of actuaries is to help businesses assess the risk of certain events occurring and formulate policies that minimize the cost of that risk. For this reason, actuaries are essential to the insurance industry. Actuaries assemble and analyze data to estimate the probability and likely ...