Actuarial Science and Risk Management Quiz
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Questions and Answers

Which of the following best describes an actuary?

  • A business professional who deals with the measurement and management of risk and uncertainty (correct)
  • A statistician who specializes in asset management and liability management
  • A financial advisor who provides assessments of financial security systems
  • A mathematician who studies probability and annuities

    • What is the name of the field that an actuary works in?

  • Financial planning
  • Risk management
  • Actuarial science (correct)
  • Asset management

    • What skills are required for actuaries in the 21st century?

  • Advanced mathematical skills and programming knowledge
  • Legal knowledge and expertise in compliance
  • Analytical skills, business knowledge, and an understanding of human behavior (correct)
  • Communication skills and sales expertise

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