Business

Actuarial Science: Definition, History, and Careers

Written by the MasterClass staff

Last updated: Feb 25, 2022 • 5 min read

Actuarial science involves using models to make predictions about real-life factors that influence the cost of insurance, from how likely you are to get injured on the job to how much money you’ll need during retirement. Learn the history of this important field, plus how to snag a career as an actuary.