Are you a risk-taker?

Risk can be viewed as a kind of capital for an organization and one that actuaries are best equipped to turn into a successful enterprise. Actuaries are expanding beyond traditional insurance jobs to non-traditional jobs of broader financial services and other industries. This includes work in the following areas:

• Financial services
• Design trading strategies: Actuaries are employed on Wall Street where they might determine how a company should invest its money based on risk and potential return.
• Design hedging strategies: They are also involved in hedging investment risks and annuity strategies
• Manage securitization risks: And they are tapping into their deep understanding of insurance and reinsurance to help corporations navigate issues surrounding securitization

Other Design Opportunities

• Landfill post-closure cost management strategies
• Environmental trade and cap strategies
• Catastrophe bonds

Enterprise Risk Management

• Enterprise Risk Management (ERM) is an innovative process and way of studying how risks collectively impact an organization through a 360-degree view of an organization’s entire risk portfolio. Such as how capital market risk, operational risk, investment risk, strategic risk all collectively impact an organization.
• The concept of ERM embodies the notion that risk analysis cuts across the entire organization. The goal of ERM is to better understand risks shock resistance and to better manage risk exposure to the level desired by senior management.
• Organizations are seeking risk management professionals to join their teams. As these new roles in ERM continue to grow, actuaries are becoming leaders in the practice.

If you're intrigued by complex problems, then being an actuary might be the opportunity you've been waiting for. Click here to access select questions from actuarial practice exams to try your hand at calculating your opportunity in risk.

Check back often for new questions and complex scenarios to try your skills.