What type of data do actuaries primarily analyze?

Actuaries primarily analyze statistical data to assess risk because their primary role involves understanding the probabilities and financial implications of future events, particularly concerning life insurance, health coverage, and pensions. By using statistical methods and models, actuaries can evaluate the likelihood of various outcomes, such as mortality rates, morbidity rates, and the financial impact of claims. This analysis is crucial for setting premiums, creating reserves for future claims, and ensuring the overall financial health of an insurance company.

Statistical data allows actuaries to identify trends, understand uncertainties, and make informed decisions based on empirical evidence. Their expertise in quantifying risk enables insurance companies to operate sustainably and meet their obligations to policyholders. Thus, the correct answer highlights the core function of actuaries in the insurance industry as risk assessors through statistical analysis.