Actuaries deal with estimating the probability of future events using mathematical methods of probability theory, statistics and financial mathematics. By creating innovative ways to reduce the likelihood of unwanted events. By reducing the impact of those unwanted events that do occur. Actuaries are the leading experts when it comes to risk management. Possession of strong analytical skills, business knowledge and understanding of the characteristics of human behavior enable quality management of the complex risks to which today’s society is exposed. Actuaries determine insurance premiums for different types of life and non-life insurance products. Actuaries develop different types of life insurance products so that you can enjoy adrenaline sports while feeling confident that if something happens to you, your heirs will be taken care of. They help companies set up pension plans for their employees. Actuaries help banks manage their assets and liabilities and develop ways to manage financial risks. Risk is at the heart of every problem that actuaries solve. Given that risk exists in all areas, there is no better industry that deals with the financial impacts of risk than the insurance industry. Traditionally, actuaries are most represented in the insurance sector where they deal with life, health, property and liability insurance. But actuarial skills are transferable to other areas that require modeling and risk management. Activities that actuaries need: – Financial sector, such as banks or investment companies; – Transport industry; – Energy sector, such as oil industry or electro-energy sector; – Environmental protection related to climate change; – Other companies that need risk management.