Actuaries play significant roles in businesses and companies by employing their problem-solving and statistical analysis skills to analyze and determine if and when a company should issue an insurance policy and what the premium for the policy has to be.  The responsibilities of an Actuary include: 1. Producing charts, tables as well as reports to explain their calculations 2. Analyzing the financial costs of risks and uncertainties in businesses or companies. 3. Assessing the risks of potential events such as death, natural disaster, sickness and developing the policies to help minimize the risks 4. Compile, organize and manage statistical data as well as other relevant information 5. Explaining and simplifying their findings as well as tier proposals to company or business executives, shareholders, government officials, and so on.