An actuary is a trained professional who assesses and manages financial risks using mathematical, statistical, and financial techniques. They primarily work in the insurance and finance industries, helping companies understand and mitigate risks associated with various aspects of their operations, such as insurance policies, pension funds, and investments.

1. Risk Assessment: Actuaries analyze data to assess the probability and financial impact of future events, such as accidents, illnesses, or natural disasters.
2. Designing Insurance Policies: Actuaries design insurance policies by determining appropriate premiums to cover potential risks while ensuring profitability for the insurance company.
3. Financial Planning: Actuaries play a crucial role in financial planning, especially in areas like pension funds, where they calculate contributions and estimate future payouts.
4. Investment Management: Actuaries help investment firms and pension funds manage investment portfolios by assessing risk and return trade-offs.
5. Regulatory Compliance: Actuaries ensure that insurance companies and other financial institutions comply with regulatory requirements and financial reporting standards.

Step 1:  Education: After completing class 10th, you need to pursue a strong educational foundation in mathematics, statistics, and economics. You'll need to complete at least 10+2 with Mathematics as one of the subjects.

Step 2:  Bachelor's Degree: Pursue a bachelor's degree in mathematics, statistics, actuarial science, economics, or related fields from a recognized university. Some institutes in India offer bachelor's programs specifically in actuarial science.

Step 3:  Actuarial Exams: To become a qualified actuary, you must pass a series of actuarial exams conducted by the Institute of Actuaries of India (IAI) or the Actuarial Society of India (ASI). These exams cover various topics such as mathematics, statistics, finance, economics, and actuarial science principles.

Step 4:  Professional Certification: After passing the required exams and gaining sufficient work experience, you can apply for professional certification as an Associate or Fellow of the Institute of Actuaries of India (IAI) or the Actuarial Society of India (ASI), depending on your level of expertise and experience.

• Actuarial Analyst
• Actuarial Consultant
• Risk Manager
• Pension Actuary
• Insurance Underwriter
• Investment Analyst
• Pricing Actuary
• Financial Planner

• Insurance Companies
• Reinsurance Companies
• Consulting Firms
• Financial Institutions
• Government Agencies
• Pension Funds
• Investment Banks
• Healthcare Organizations