What is the main focus of actuaries in the field of finance?

Actuaries primarily focus on analyzing financial risks using mathematical and statistical methods. Their expertise is crucial in developing policies and strategies that aim to minimize costs related to risks, particularly in areas such as insurance and pensions. By employing complex models and calculations, they assess the likelihood of events, such as mortality rates or natural disasters, and help organizations make informed decisions based on these analyses. This risk management aspect is essential for ensuring that financial institutions can remain solvent and stable while providing necessary services.

The other roles mentioned—processing insurance claims, creating advertising strategies, and handling customer complaints—are typically handled by different professionals within the organization. These roles do not require the specialized mathematical and analytical skills that actuaries possess, highlighting the distinct focus of actuaries on risk assessment and financial stability.