What is an actuary? What does an actuary do?

Hey! Brea here.

Today's video is going in-depth and explaining to you exactly what an actuary is, and what they do.

Actuaries use a lot of data, probability and statistics, but how do they actually put a value on risk? Well, I explain that briefly in this video using an auto insurance policy as an example.

I talk about premiums, risk, probabilities, interest, actuarial exams, education and lots more!

Enjoy!
Brea

[michaelpoon]

I took a bunch of career surveys and this kept showing up at the top of my lists. I’m still trying to figure out what it is I want to do so thank you for clarifying what an actuary actually is.

[abdel]

I've started watching your videos yesterday and I can't even believe how much I've learned. Thanks so much for clearing these things up! Also I can't imagine a video when you're not smiling the whole time :)

[audreyoreilly]

I actually have had to find out what an actuary does for a script, so thanks so much for these!

[KeyMan]

That was a good description. As far as what an actuary does, maybe you could make a video talking about some of the tools and software that modern actuaries use such as R, Excel, VBA, SQL, SAS, Python, etc.

[Mqxwell]

Yo, love the video. I will definitely be watching more considering I'm about to be studying for my first exam and kind of feeling lost at the moment.

[hasan]

You'll soon be influencing a lot more people Brea. Keep it up :)

[makotovolare]

I am struggling to pass Japanese actuary exams. Your movies are very motivated for me ! Thanks !

[tanyag]

I learned everything I needed to know, thank you. Was a bit confused because I do like math and statistics but the betting part doesn't appeal to me. Will look into data science instead.

[Kheed_Kingsley]

What if someone gets accidents a number of time?

[omraphantom]

When i learned about this career i have been doing very surface level versions of this math in my free time for fun, just with time and money maintain with games, doing interest, reinvestment values and such. This video has helped me a lot reaffirm my interest in this career as i am looking to start college than you much for this ❤️

[rezaetemad]

well explained ...thanks
please keep up the good work. love your channel

[williamhutsch]

I have always loved math in school but i never really knew what i could do with it other than being a teacher or a mathematician. This is a interesting course that i could go down.

[i_go_by_t_now]

I first heard about an actuary on Zootopia 😂

[victoriacoughlan]

My daughter is thinking of becoming an actuary, ... hopefully this video help her

[mohsinraza]

Hi! My mom was the one to tell me about actuarial sciences so i wanted to see if its an intersting career. Ive heards it pays alot and its easy to get a job in most countries in the world with this profession, now i dont know to what extent this is true. But i feel like this is an interesting career so im doing research on it ! Great video its pretty insightful

[FifaMaestroAdam]

What's the probability that I will lose interest in becoming an actuary in the future

[Anthony-mtgp]

I’ve seen a lot of sites say that you can go into the actuarial profession with a degree in mathematics. Do you know if that would also work on top of the majors you mentioned? Also, my college offers a minor in actuarial science and I was wondering if that would be beneficial? Thank you so much for these videos, they’re really helpful.

[lucienlachance]

I just learned about this field today & am adding it to my 'list of possibilities' :) I have a B.F.A. and have been in game dev for around 6 years, but I'm quite burnt out and shopping around for a career change. If I was to pursue a career as an Actuary, do you recommend going back to school for a second Bachelor's or are the exams/the skillset the main thing employers focus on? I'm just gathering general info at this stage.

[alexiadrey]

You would've also been a great teacher! You explained everything so well! Thank you!

[lxf]

So for the story, you would take into account the demographics of the individual, age, gender, commute etc, and use those statistics to asign towards her probability of getting in a reck as x. Then take the forcasted dollar amounts of the different scenarios, no reck, or reck, and average those dollar amounts with the probability x of getting in a reck according to your demographic info. Correct?