An actuary is a professional who analyzes financial risks using mathematics, statistics, and financial theory. They primarily work in the insurance industry, helping companies determine the likelihood of events such as accidents, illnesses, or natural disasters. By assessing these risks, actuaries can help set premiums and ensure that insurance companies remain financially stable. In addition to insurance, actuaries may also work in pension planning, investment, and government sectors. Their expertise is crucial for creating strategies that manage risk and ensure long-term financial security for individuals and organizations. Actuaries often hold professional certifications and require a strong background in mathematics and analytical skills.