Actuarial Science


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Actuarial Science

The statistical study of risk as it relates to insurance. A practitioner of actuarial science computes various risk factors and determines the likelihood of whether (or when) an event will occur. For example, one may look at a person's medical information, such as height, weight, and pre-existing conditions, and mathematically determine how likely it is that the person will cost the insurance company more than he/she will pay in premiums. This helps the insurance company decide whether the person will receive coverage and, if so, what the monthly premium will be. Many universities offer degrees in actuarial science, though many insurance companies hire individuals with math degrees and teach them actuarial science directly.
References in periodicals archive ?
Expected Results: The expected intermediate outcomes for this project include: (1) increased availability of Indonesian trained actuarial science and risk management graduates to Indonesian businesses, universities and government agencies; and (2) strengthened actuarial science and risk management profession in Indonesia.
Included are company directories, almanacs, databases, websites, legal resources, and industry-specific guides that cover: All major lines of insurance, including property/casualty, life, health, and reinsurance; Social Insurance, including Social Security, unemployment insurance, and pensions; The insurance policy from the standpoint of practitioners, regulators, and consumers; Insurance law and regulations; All areas of risk management including financial, technical and intellectual property; Actuarial science and its current applications to financial engineering; Archival and historical material
The research project from the University of Nebraska-Lincoln's Actuarial Science Program will be a three-year study on annuity markets.
Nicole McArdle, Illinois State University, Actuarial Science
The Master of Science in Actuarial Science, offered by Columbia's School of Continuing Education, is ideal for three types of students: recent college graduates seeking a career as an actuary; associate actuaries planning for future advancement through exam preparation; and professionals interested in transitioning into a growing field.
Christina, too, is an aspiring actuarial analyst while attending the graduate actuarial science program at DePaul University.
Beador has a bachelor of science in accounting and actuarial science from Central Washington University and an MBA from Washington State University.
Mahmoud Behbehani, professor of insurance and actuarial science at Kuwait University.
The first of its kind for the trust, the bursaries will target students in the areas of Accounting, Law and Actuarial Science.
Students, armed with their excellent results, will continue their studies in an eclectic range of subjects - from dentistry to film production, law to actuarial science and maths - at universities throughout Britain, from Edinburgh to Aberystwyth, London to York.
The FHC looks forward to applications from people with expertise in financial investment and actuarial science.
Morgan (mathematics, statistics and actuarial science, U.