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Actuaries
Taxonomy Code: YO-8000.4900-050
Individuals who help businesses assess the risk of certain events occurring and formulate policies that minimize the cost of that risk. Actuaries assemble and analyze data to estimate the probability and likely cost of the occurrence of an event such as death, sickness, injury, disability or loss of property. Actuaries also address financial questions, including those involving the level of pension contributions required to produce a certain retirement income level and the way in which a company should invest resources to maximize return on investments in light of potential risk. Using their broad knowledge of statistics, finance and business, actuaries help design insurance policies, pension plans and other financial strategies in a manner which will help ensure that the plans are maintained on a sound financial basis.
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