Risk management and actuarial science?

Question

What's the difference between these two? Actuarial science is about reducing the adverse financial impact of random events occurring. Risk management is a much broader considering many sorts of risks is it ?

Answer 1

Actuarial Science is actually broader than Risk management. Actuarial science involves, besides the risk management part, also the investments(how to get a better investment).

Actuarial Science also involved other statistics such as mortality studies.

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