Actuaries (or actuarial statisticians) apply statistics to access risk in financial and insurance institutions. Similar to an actuary, insurance risk analysts assess risk for clients and offer advice on insurance. They will analyze data (claims, competitor pricing, strategies to manage risk). An actuary can be an insurance risk analyst, but an insurance risk analyst cannot be an actuary.
To become an actuary, you must have a bachelor's degree and pass the preliminary exams. Actuaries have strong calculus and statistics skills, and they are analytical problem-solvers. They have good business sense and good communication skills. They also have strong computer skills.
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