View source for Actuary

===Disciplines===
Most traditional actuarial disciplines fall into two main categories: life and non-life.

Life actuaries, who include health and [[pension]] actuaries, primarily deal with three kinds of risk: [[Mortality rate|mortality]], [[morbidity rate|morbidity]], and investment. Products prominent in their work include [[life insurance]], [[Life annuity|annuities]], pensions, short and long term [[disability insurance]], health insurance, [[Medical savings account|health savings accounts]], and [[long-term care]] insurance.{{sfn|Bureau of Labor Statistics|2022}} In addition to actuarial risks, social insurance programs are influenced by public opinion, politics, budget constraints, changing [[demographics]], and other factors such as [[medical technology]], [[inflation]], and [[Cost-of-living index|cost of living]] considerations.{{sfn|GAO|2000}}

<!-- Sourced to AIA: start-->Non-life actuaries, also known as "property and casualty" (mainly US) or "general insurance" (mainly UK) actuaries, deal with both physical and legal risks that affect people or their property. Products prominent in their work include [[auto insurance]], [[home insurance|homeowners insurance]], commercial property insurance, [[workers' compensation]], [[malpractice]] insurance, [[Product liability|product liability insurance]], [[marine insurance]], [[terrorism insurance]], and other types of [[liability insurance]].{{sfn|AIA|2014}}<!-- Sourced to AIA: end-->

Actuaries are also consulted for their expertise in [[enterprise risk management]].{{sfn|Bureau of Labor Statistics|2022}} This work may involve [[dynamic financial analysis]], [[Stress test (financial)|stress testing]], the formulation of corporate risk policy, and the establishment and operation of corporate risk departments.{{sfn|Institute and Faculty of Actuaries|2011b}} Actuaries are also involved in other areas of economics and finance, such as analyzing [[securities offering]]s or [[market research]].{{sfn|Bureau of Labor Statistics|2022}}