ACTUARIAL SCIENCE - Predicting Crucial Business Outcomes
Actuarial Science Degrees with Possible Career Options
- Life Insurance Actuary, General Insurance Actuary, Asset/Investment Consultant, Analyst, Management Consultant, Finance Actuary, Chief Risk Officer
Industries : Insurance, Banks, Investment Companies, Security and Commodity Broker Firms, Regulators, Lecturing.
In the world of business, one crucial decision could either break or make an organisation. This is where actuaries come in. These are the people who predict the outcomes of business scenarios using statistical models, business and economic theories and a knowledge of legislation. Today, this group of people are becoming a crucial part of the business and financial world.
Traditionally, they were mainly employed in the insurance sector to assist in areas such as creating new policires and determining premiums. However, in keeping with global trends, more actuaries are expected to be employed in other business and finance areas. Their roles will include advising on mergers, corporate recovery, and financing capital projects or work on pricing financial derivatives. Most of an actuary's tasks require good mathematical skills, imagination and logical thinking.
