Your interests probably come with risk. Dig into them with ChatGPT
No matter what you are interested in, there are likely risks associated with it. Chat with AI to see how these risks relate to the problem solving actuaries do with math.
Explore the world of risk.
Actuaries do every day.
The future is unknown. And that comes with risk. So how can you know the decisions you make today will be right for tomorrow? Actuaries can help. They use data and math to model probabilities of different outcomes. This helps ensure Canadians are prepared for the challenges we might face and the opportunities we might have to make our world better.
What is an actuary?
Actuaries are risk management experts and problem solvers. They use skills like the math you’re learning in school to tackle some of the biggest issues facing our world today.
Traditionally, actuaries have worked in fields like insurance, retirement, and investments. Now, they’re also helping define the future of artificial intelligence, health care, and even climate change.
How is the profession going to change with AI?
As we’ve mentioned, the future is uncertain. But it is likely that artificial intelligence will impact the actuarial profession in some of the following ways:
Automation
AI-powered tools can automate repetitive tasks like data entry, data cleaning, and data analysis. This could free up actuaries to focus on more complex tasks.
Accuracy
AI can analyze vast amounts of data and identify patterns and trends that humans might miss. This could lead to more accurate predictions of risk and uncertainty.
Opportunities
Actuaries could play a critical role in evaluating the risks associated with emerging AI-enabled technologies such as blockchain, Internet of Things, and autonomous vehicles.
AI is a tool that actuaries can leverage in their work. Human professional judgment will always be essential to improving lives and financial security of Canadians, and these skills are exactly what actuaries bring to the table.
How do I become an actuary?
To become an actuary, you need to have a plan that includes studying math. The typical path to becoming an actuary looks like:
1. Choosing math in high school
To become an actuary, you need math credits like Grade 12 algebra and calculus.
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Math requirements vary by province or territory. Find out what courses are needed where you live.
Learn how girls are preparing for the future through the power of math
2. Earning your degree
Study actuarial science in university.
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Attend a CIA accredited university actuarial science program, enrol with the CIA as a Student member and choose co-op programs and work placements to gain valuable experience.
3. Getting qualified
Engage with the CIA to continue your path to qualification as a Fellow of the Canadian Institute of Actuaries (FCIA).
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Start writing CIA exams, learn what it means to be a professional actuary, what career opportunities exist, and how you can contribute to society.
See how you do it
The world around us is constantly changing. Actuaries manage risk to make sure we’re prepared for whatever challenges we might face.
