The article discusses how actuarial risk theory can be used to analyze risks in the furniture industry. The researchers identified and quantified risks in industrial settings by modeling them as loss random variables. They calculated expected loss, loss variance, and exceedance probabilities to quantify risks. They also used risk measures like Value-at-Risk and Tail-Value-at-Risk to classify and order risks. A case study on occupational accidents in the furniture industry was conducted to demonstrate this methodology.