Actuarial science studies financial risk using math and statistics.

It is essential in insurance, pensions, and risk management.

Actuaries predict future events to guide business decisions.

Skills involve probability, finance, economics, and modeling.

Actuarial science requires passing rigorous professional exams.

Supports design and pricing of insurance products.

Used to assess risks like death, illness, and retirement.

Combines mathematical theory with real-world applications.

Critical for managing financial uncertainty in various industries.

Understanding the definition helps career clarity and planning.