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Actuarial consulting is a specialized field of accounting that focuses on the assessment and management of financial risk. It involves the use of mathematical and statistical techniques to analyze and quantify the probability of future events, and to develop strategies to manage the associated financial risks. Actuarial consultants provide advice to clients on a range of topics, including insurance, pensions, investments, and financial planning. They also provide advice on the design and implementation of risk management strategies, such as hedging and diversification.
Actuarial consulting is an important part of the financial services industry, as it helps to ensure that companies are able to manage their financial risks effectively. It is also an important tool for governments and regulators, as it helps to ensure that financial markets are operating efficiently and fairly.
Some of the major companies in the actuarial consulting market include Aon, Mercer, Willis Towers Watson, Milliman, and KPMG. Show Less Read more