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The new refrigerator being delivered to the apartment upstairs is covered by an extended warranty. What's the likelihood that the appliance will break down and a replacement is needed? Ask an actuary.
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Think Green, Think Actuary. We help companies understand climate change risks and potential liabilities brought about by changes in the environment.
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Read all about it. Actuaries are increasingly in the news as business leaders because our work is often impacted by current events. For example, recent natural disasters, world economic and financial crises, and healthcare are all topics where actuaries expertise is valued.
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Rising gasoline prices affect how often and how far people drive. Less driving means fewer accidents. We take all of that and much more into account when pricing your auto insurance.
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Planning to take your dog to the veterinarian? Actuaries have developed pet insurance products to help you manage the cost of keeping your furry friend healthy and happy.
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This Chief Risk Officer started her career as an actuary and now occupies an office in the C-Suite. An actuarial career will prepare you to grow professionally and can take you as far as you want to go.
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You should call your power company when the lights go out, but if you're running a business, you should also call your insurance company. Actuaries develop products like business interruption insurance to give businesses peace of mind if there's a power outage.

News

  • Number 1

    The Best Jobs of 2013 - Actuary #1

    Actuary has been named the best job of 2013, according to the new CareerCast.com Jobs Rated Report.
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  • Books with graduation hat

    Apply for a 2013-2014 Scholarship!

    Tell a deserving student about Foundation scholarships.

     


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  • Books

    Robert Morris University/Highmark Presidential Actuarial Scholarship

    Each year one incoming freshman will be selected for the Highmark Presidential Scholarship, which will cover the full tuition cost at Robert Morris University, renewable for up to four years, provided the recipient remains in good standing. The primary purpose of the scholarship is to broaden the diversity of the actuarial science study body, and preference will be granted on that basis. - See more at: http://www.beanactuary.org/programs/?fa=RMU-Actuarial-Scholarship#sthash.rhGQkzPX.dpuf
    Each year one incoming freshman will be selected for the Highmark Presidential Scholarship, which will cover the full tuition cost at Robert Morris University, renewable for up to four years, provided the recipient remains in good standing. The primary purpose of the scholarship is to broaden the diversity of the actuarial science study body, and preference will be granted on that basis. - See more at: http://www.beanactuary.org/programs/?fa=RMU-Actuarial-Scholarship#sthash.rhGQkzPX.dpuf
    Each year one incoming freshman will be selected for the Highmark Presidential Scholarship, which will cover the full tuition cost at Robert Morris University, renewable for up to four years, provided the recipient remains in good standing. The primary purpose of the scholarship is to broaden the diversity of the actuarial science study body, and preference will be granted on that basis. - See more at: http://www.beanactuary.org/programs/?fa=RMU-Actuarial-Scholarship#sthash.rhGQkzPX.dpuf
    Each year one incoming freshman will be selected for the Highmark Presidential Scholarship, which will cover the full tuition cost at Robert Morris University, renewable for up to four years, provided the recipient remains in good standing.
    view article

The Professional Life

Wherever there is risk, there are opportunities for actuaries. And the recent financial crisis has further highlighted the skills actuaries bring to the table. Watch this new Actuaries in Action video to hear what some of today's actuaries say about the future of the profession and the increasing demand for actuaries, especially in nontraditional roles.

Do The Math

An actuary studying the insurance preferences of automobile owners makes the following conclusions:

  1. An automobile owner is twice as likely to purchase collision coverage as disability coverage.
  2. The event that an automobile owner purchases collision coverage is independent of the event that he or she purchases disability coverage.
  3. The probability that an automobile owner purchases both collision and disability coverages is 0.15.

What is the probability that an automobile owner purchases neither collision nor disability coverage?

  1. 0.18
  2. 0.33
  3. 0.48
  4. 0.67
  5. 0.82

view answer

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