What is an Actuary?

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

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What is International Actuarial Careers Network?

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

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Technology Advancements and Actuarial Science

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

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Genesis of Actuarial Science

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

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