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Actuaries are professionals who use mathematical and statistical techniques to evaluate and manage risks in various fields (insurance, pensions, investments, and financial planning). They provide valuable insights and recommendations to organizations on risk assessment, pricing strategies, and product design. Actuaries apply their specialized expertise to help organizations navigate through uncertainties and make informed decisions.
They use their analytical skills and knowledge to assess potential risks and offer solutions to mitigate them. In their work, they adhere to a code of ethics and professional standards, ensuring integrity and professionalism in their recommendations and advice.