Is there any one who can help me in understanding the role of an actuary or an actuarial student in developing risk models? I am thinking of starting my first job in catastrophe risk modeling in an IT company, where I will work on these models to analyse the risk. After that I am planning to shift in actually building these models. Are fully qualified actuaries involved in this process or it is done by the modeling softwares. I have cleared only P & FM till now & wants to work in P & C field.