Actuaries construct and interpret mathematical models to evaluate the likelihood of possible future events. They also design ways to reduce the negative consequences of the possible outcomes of these events. A majority of actuaries work in the insurance industry, but actuaries can be found in any industry that requires careful planning for the future, especially in the presence of risk.?To become an actuary, you need to meet a series of requirements set by the Society of Actuaries or one of the other more specialized actuarial societies. These requirements consist of educational experiences (college courses), a series of tests and some specialized short courses offered by the Society.