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Ever wonder what the difference is between an actuary and an underwriter? Think of it like a restaurant! We all know that each restaurant has their own specific recipes and pricing. Besides the ingredients, they also have to think about integrating the pay for their employees, the operating expenses, and on top of that, profit. Basically, an underwriter is the chef. They think of WHAT to put on your plate, considering things like food allergies or preferences. Meanwhile, an actuary is like a restaurant manager. They calculate how much the final dish should cost based on the cost of the ingredients. Of course, this is a bit of a simplification. But it’ll help you see the difference more clearly! If you want to learn more about this topic then watch this next! Think Actuaries Only Work in Insurance? Think Again: • Think Actuaries Only Work in Insuranc... OTHER PLATFORMS: • Blog - https://etchedactuarial.com/ • Facebook - / etchedactuarial • Instagram - / etchedactuarial • LinkedIn - / brea-fried • Actuary Success Tips - https://etchedactuarial.com/actuary_s...