Actuaries are business professionals who deal with the measurement and management of risk and uncertainty. These risks can affect the balance sheet and require asset management, liability management, and valuation skills. For example, in the case of natural disaster, actuaries would need to determine long-term levels of damage to accurately price property insurance, set appropriate reserves, and create appropriate reinsurance and capital management strategies. The school behind actuaries is actuarial science, which is the discipline that applies mathematical and statistical methods to assesses risk. The qualifications needed to become an actuary differ country to country, however, it will always involve university and exams over several years. Actuaries are needed to assess risk in insurance, finance and other industries and professions.

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