Actuaries operate in a wide range of areas and offer a range of services to clients

Actuarial consultancies

Actuarial consultants may work within professional services firms, specialist consultancies, or within finance and banking. Their work is varied and rewarding and they are likely to employ a breadth of knowledge in areas such as economics, accounting, marketing, legislation and business practice in providing services to their clients.

Actuaries in insurance

Whatever life brings, people want to know that they’re well protected. As a life insurance actuary, you’ll help them deal with some of life’s most important issues, from protecting their families to saving for their future.

General insurance is a complicated business and relies on the forecasts and estimations of actuaries. You could be involved in assessing the relative claims history of different types of cars or advising companies how much money they need to put aside for claims. It is challenging but, because you’ll be helping people to protect their most important possessions, it is also extremely rewarding.

Actuaries in pensions

As a pensions actuary, you’ll help people prepare for the end of their working life and the start of their retirement. You could be involved in everything from setting up a new pension scheme through to assessing the ongoing financial strength once it is in operation.

Actuaries in investment

In the highly pressurised world of finance and investment, risk is a part of everyday life. However, that does not mean it can’t be mitigated. Big City firms such as investment banks and consultants are increasingly employing actuaries to help inform future investment and to ensure that all risks, big or small, are calculated.

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