Actuaries are professionals who are qualified in this field through intense education and experience.
Actuaries manage risk. They work for companies in a range of fields, but especially in insurance and pensions, analyzing the potential for undesirable events to occur and helping to plan for (or avoid) those events. Actuaries are key players in management teams that help businesses plan for the future.
What are the skill sets of an actuary?
Actuaries are excellent at maths and solving problems
Actuaries use financial and statistical techniques to solve business problems, particularly those involving risk. These business problems involve looking at future events, the likelihood of them happening, when it might happen and how much money will need to be put aside to cover costs should the event happen.
Actuaries have sufficient technical understanding to solve very demanding financial and risk management problems
It is essential that actuaries have excellent communication skills to enable them to communicate actuarial ideas to non-specialists in a way that meets the needs of the audience.
We manage risk.
The future is uncertain and full of risk. Risk is the chance that an undesirable event will occur, but risk is also opportunity. That's where we come in.
Actuaries are experts in:
- Evaluating the likelihood of future events—using numbers, not crystal balls.
- Designing creative ways to reduce the likelihood of undesirable events.
- Decreasing the impact of undesirable events that do occur.
We are the leading professionals in finding ways to manage risk. It takes a combination of strong analytical skills, business knowledge, and understanding of human behavior to manage today's complex risks facing our society.
We're key players on the management team of companies that deal with risk. In a fast-changing world, with emerging risks and the need for more creative ways to tackle them, there are constant opportunities for personal and professional growth.
We are the analytical backbone of our society's financial security programs. We are the brains behind the financial safeguards in our personal lives, so we can go about our day without worrying too much about what the future may hold for us.
Entry Requirements!!Science_Programme_
- Actuarial Sciences
- Mathematical Sciences_
- Mathematics of Finance_Bachelor of Science (General) BSc (3 years)||_
Minimum Admission Requirements_
40 points and above_
42 points and above_
40 points and above
Unlike other professions, in actuarial science you'll have the opportunity to work as an actuary while completing the examination process—employers often allow study time during working hours, pay exam fees, provide internships, and even award raises for each exam passed.
