Actuarial Science: Definition, History, and Careers

Written by MasterClass

Last updated: Dec 3, 2021 • 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.