Actuaries put a price tag on future risks. Actuaries have been called financial engineers and social mathematicians because their unique combination of analytical and business skills helps to solve a growing variety of financial and social problems.
Actuaries make financial senses of the future. An actuary applies mathematical models to problems of insurance and finance. To be more specific, actuaries improve financial decision making by developing models to evaluate the current financial implications of uncertain future events.
An actuary is a professional and, in giving advice, must always act with integrity, due diligence, competence and in the interest of all parties affected by the professional advice. The actuarial profession is highly respected and offers a wide variety of career opportunities, immense work satisfaction and high earnings.
To learn more about the actuarial profession, please refer to:
• by Prof. Wai-Sum Chan in Education & Careers Expo 2002 (Chinese)
• by Prof. Wai-Sum Chan in Education & Careers Expo 2011 (Mainly English)
• Video (produced by Casualty Actuarial Society and Society of Actuaries)