Kathleen Hennessy finds out what it takes to do other people’s jobs and how much they are paid.Most people have no idea what an actuary does. Outside the worlds of business and finance, the profession is shrouded in mystery. Where there is a perception of the actuarial profession, it is of groups of bespectacled men huddled over calculators, mumbling about death rates and future economic activity. Basically, actuaries analyse past events and present risks to predict the long-term financial implications of various business decisions. As a simple example, an actuary might investigate trends in inflation, economic activity, incidence of disease and death rates to work out how much a life insurance company needs to charge in premiums to be able to meet the future costs of its policyholders. Continue reading…
Source : theguardian.com
Read more…Wage slaves: Actuaries
