Changes

An actuary is a member of a profession which specializes in applying [[financial]] and [[statistics|statistical]] theories to real life situations. They analyze future financial events, especially when the amount of a future payment, or the timing of when it is paid, is uncertain. They assess how likely an event may be and the costs associated with it.  

An '''actuary''' is a member of a profession which specializes in applying [[financial]] and [[statistics|statistical]] theories to real life situations. They analyze future financial events, especially when the amount of a future payment, or the timing of when it is paid, is uncertain. They assess how likely an event may be and the costs associated with it.  

The traditional areas in which actuaries operate are life insurance, general insurance, pensions and investment.

The traditional areas in which actuaries operate are life insurance, general insurance, pensions and investment.

[[Category:Statistics]]

[[Category:Probability and Statistics]]