Actuarial science

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Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2015 hello.i am a class 12 pcm student.i plan on being an actuary.what exactly i have to do.i mean the step by step process after 12.
please rply Thank u

Ankur Garg

Ankur Garg (Expert)
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20 July 2015 Hi,

Let me give you small brief:

Who is an Actuary?

Actuaries are professionals who use their mathematics and statistics skills to understand, assess and solve problems related to the financial impact of risk and uncertainty. They create mathematical models of events and the world around us, thereby helping us take informed decisions which will lead to the least probability of financial losses. In simple words - every business faces risk and uncertainty. Actuaries help in understanding the uncertainty and in taking more informed decisions. They help assess the financial impact of likely future events by analyzing the past and modeling the future, essentially in financial terms. Thus they help in development of financial products and taking business decisions.

Actuaries make use of statistics and mathematics formulas to create models for solving business problems. They are involved in pricing and management of investments and use their understanding of insurance, pension and other liabilities to manage the assets. In the insurance sector, they create price policies to ensure that insurers have the money to cover claims. They help in designing and advising on pension plans also.

Actuary jobs can be found in insurance sector, financial services, banking and with financial funds. Actuaries get employed by government and private companies also.

Thanks

Ankur Garg

Ankur Garg (Expert)
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20 July 2015 For more info, you are requested to visit the website of the Institute of Actuaries of India:

https://www.actuariesindia.org/Index.aspx?AspxAutoDetectCookieSupport=1

Hope that the same would be of some help.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2015 Thank you sir about the information but I asked about the steps I have to take after 12 class. I mean like which college for actuarial science bsc. After that msc.
and also about the 10-15 papers one has to give.
Thank you

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