Help analyzing financial risk for insurance companies with the help of statistics, mathematics, and financial theories by studying the retirement, mortality, survivor ship and disability.

Handles morbidity rates in case an individual get sick or disabled. Actuary finds out the possibility if such an individual need to seek medical attention, or in case they will recover or not. Usually works on disability insurance, critical illness insurance, medical insurance, and income protection insurance.

Help analyze risk that may occur because of various social, economic or legal developments on the financial or economic conditions of business organizations. Also, Actuaries are involved in taking care of complete cost of risk and the expenses to be incurred in the fulfillment of other responsibilities of the organizations.

Plays an advisory role in the risk management, investments, forex, commodities and so on and help in capital planning and capital raising while considering suitability, cost optimization, and regulatory requirement.

In larger organizations, the Chief Risk Officer (CRO) is responsible for overseeing risk management strategies across the company. Actuaries can excel in this role due to their expertise in risk assessment and mitigation