Actuaries are professionals who use mathematical and statistical models to analyze and assess risks and uncertainties related to insurance, investments, and finance. They help organizations make informed decisions and develop strategies by collecting and analyzing data, evaluating financial risks, and projecting future outcomes. Actuaries often work for insurance companies, financial institutions, and consulting firms, where they may specialize in life insurance, property and casualty insurance, pensions, or investments. They play a crucial role in determining insurance premiums, reserves, and policy terms by conducting risk assessments and estimating future financial obligations. Actuaries typically need a strong background in mathematics, statistics, economics, and finance, and they must also pass a series of rigorous exams to become certified professionals. The work of actuaries directly impacts the financial stability and profitability of organizations, making them important contributors to both the insurance and finance industries.