Write one word in each gap Actuaries
Did you know that there are people (1)
are paid to predict the future? They're called
'actuaries'. I'd never heard of actuaries until my friend Greg, (2)
mother is an actuary, told
me about them. It's a job (3) sounds quite interesting.
Actuaries usually work for companies, like insurance companies, (4) deal with the chances
of things happening in the future. Actuaries have to decide how probable it is that something will happen.
For example, it's more probable that buildings will be flooded in places (5) it rains a lot.
Greg's mum, (6) has been an actuary for about five years, is involved with car insurance.
She works in an office (7)
they decide how much car insurance people should pay. It's more
probable that a car (8)
is new is safer and more reliable than a very old car, so people
(9) cars are new pay less insurance. If there are drivers (10) she thinks will
probably have more accidents, she makes them pay more insurance!
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Actuaries are professionals who are paid to predict the future. They work for companies, especially insurance companies, to assess the likelihood of events happening in the future. Actuaries are responsible for determining the probability of certain events occurring.

In the given passage, the word "actuaries" is used to refer to these professionals. The narrator had never heard of actuaries until their friend Greg, whose mother is an actuary, told them about this occupation.

The job of an actuary is considered interesting because it involves analyzing and assessing the chances of different events occurring. Actuaries have to make decisions based on probabilities and determine the likelihood of certain outcomes.

For instance, in the context of insurance, actuaries may assess the probability of buildings being flooded in areas where it rains a lot. This evaluation helps insurance companies determine the appropriate coverage and rates for policies.

In the case of Greg's mother, who has been an actuary for about five years, she is involved with car insurance. She works in an office where they determine the appropriate amount that people should pay for their car insurance. This decision is based on the actuary's evaluation of the probability of different events, such as accidents, occurring.

When it comes to car insurance, the age of the car plays a role in determining the insurance premium. Actuaries consider it more probable that a new car is safer and more reliable than a very old car. Consequently, people who own new cars typically pay less for their insurance.

Furthermore, if an actuary believes that certain drivers are more likely to have accidents, they make them pay higher insurance rates. This is based on their assessment of the drivers' risk profile.

In conclusion, actuaries are professionals who predict the future and work for companies, especially insurance companies. They use probabilities to assess the likelihood of events happening and make decisions accordingly. This helps companies determine insurance premiums and coverage.