What is an Actuary
An actuary is a business professional who analyzes the financial consequences of risk or are experts in risk management. Actuaries use mathematics, statistics and financial theory to measure the probability and risk of future events in healthcare, pensions, insurance, banking and investments

What are the main areas Actuaries work in?
Actuaries' skills are in great demand throughout the financial sector, particularly in investment,insurance and pensions. Actuaries are also increasingly employed in risk management for large companies. However, actuarial consultancies are probably the least employers of actuaries in the Ghana. There are many areas where actuaries work, including;

1. Consultancies - offering advice on issues such as acquisitions, mergers and financing capital projects, and also on occupational pension schemes
2. Investment - involved in research and on the pricing and management of investments, particularly in mitigating the risk of investment.
3. Insurance - providing a service to companies which need a huge range of numerical information investigated , analysed and explained; for example to create and price polices, or to ensure they have the money to cover claims. This includes the Life, health and general insurance.
4. Pensions - designing and advising on company pension schemes, especially placing a value on accumulated pension commitments
5. Risk management- identification, assessment, and prioritization of risks of the enterprise as a whole, rather than considering individual risks in isolation, followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. This allows the concentration of risk arising from a variety of sources within an enterprise to be appreciated, and for the diversifying effects of risks to be allowed for. This is the holistic approach to risk management and it is fundamental to RM.