As actuary is a very lucrative profession in terms of salary, designation, work environment, job and growth opportunities etc, many really long to become an actuary. But before actually starting the preparation, you should check whether you really have the skills required to be an Actuary. It is not at all possible for everybody to
Actuarial science is being widely used in many different industries nowadays. Actuarial science can make wonders when it is applied wherever risk is present. Though actuarial science has been applied in insurance and pension sectors since its origin, now the trend is being changed and it is widely used in different areas including shipping, consultation,
The Society of Actuaries (SOA) is an organization for the actuaries who have their base in the North America, which includes both the US and Canada. This society was founded in the year 1949. Before it came into being there were two separate actuarial organizations that existed in the US. One of these was the
Due to the fact that Actuary is among the top-rated jobs in the US in terms of the financial compensation, the popularity of this job among the people has increased manifold. The unemployment rate of people looking for actuarial careers is almost nonexistent and the placement rate of graduates of actuary degrees is really high
Actuaries are the experts in Actuarial Science and perform financial analysis to identify and gauge risk in financial services by making use of various statistical and financial models. What is the need for an actuary? In today’s world, there is so much integration between the financial systems prevalent in various parts of the world and
You need to start very early if you really wish to enter into the lucrative world of actuaries. As the actuarial career is the most highly paid career of current job market, competition also is very high. If you need to stand out from the crowd, you have to be well prepared in advance. You
International Actuarial Careers Network (IACN) is an online global network created for actuarial students. This is hosted on the website of Institute and Faculty of Actuaries. Students can join this online network, have discussions among like-minded people, share information and many more. This helps students to clearly understand what the industry expects from them. Though
The Casualty Actuarial Society, which is mostly abbreviated CAS, is an important professional society for those who practice actuary. This is the body that has the responsibility of granting the certifications to actuaries for being the Associate or Fellow of the CAS. The former is called Associate of Casualty Actuarial Society abbreviated ACAS and the
Actuarial science involves complex calculations as they deal with large figures in the form of premiums or pension payouts and also because they play with mathematical theories including probability, statistics etc. Actuarial science became really advanced with technology changes. Before the introduction of calculator and then computer, the only option in front of actuaries and
Actuarial science is the area where risk is assessed using mathematical and statistical methods. It is being widely used nowadays in different sectors like banking, insurance etc. In fact, the concept of actuarial science has its roots in the ancient times. In Rome, there were funeral societies where each member contributed money to pay for
