Most actuaries specialize in life and health insurance or property and casualty. In financial services companies, actuaries also calculate odds. These odds are used to calculate the return on investments. They also predict what a customers retirement income will be. With this information, actuaries form investment strategies.
Some actuaries design financial and pension plans.
They make sure that the plans are maintained on a sound financial basis. Financial services actuaries specialize in pension plans or in financial planning and investment. Some actuaries also help price corporate stocks. There are some tasks that are the same no matter who actuaries work for. To carry out their duties well, actuaries must be aware of general economic and social trends.