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 ?
Murdoch is the eighth student to receive the scholarship while attending Illinois State's Actuarial Science Program, making the university one of the most celebrated in the nation.
He could either take up graduate studies in applied mathematics or find work in the insurance industry and pursue an actuarial science career.
Actuarial science is a discipline that analyses, assesses and solves financial problems through applied mathematical and statistical methods.
(Economics / Psychology) Principal A P Sharma explained the importance of the courses and globally important subjects like Economics (Hons.), Law (CLAT),Civil Services, Actuarial Science, Counseling, Social Services, Designing (NID)etc.
777's senior management team is composed of industry veterans with backgrounds in private equity, venture capital, investment banking, financial technology, insurance, actuarial science, asset management, structured-credit, ABS, risk, analytics, complex commercial litigation and computer science.
Through the acquisition of DV, AHP advances its strategic business plan to offer a broad set of consulting services through the integration of actuarial science with the practice of medicine.
Watson earned a Bachelor of Science degree in Actuarial Science and Risk Management from Towson University.
To date, more than 100 undergraduate students majoring in risk management, insurance, actuarial science and business have received merit-based Spencer scholarships in Mr.
Computational Actuarial Science With R by Arthur Charpentier (editor), 2015, Boca Raton, FL: CRC Press, 618 pages, ISBN: 978-1-4665-9259-9.
The ALA Guide to Information Sources in Insurance, Risk Management, and Actuarial Science. Chicago, IL: American Library Association; 2016.
The degrees were conferred in disciplines including Management, Marketing, Finance, Accounting, Media Studies, Actuarial Science and Risk Management, Computer Science, Management and IT, Industrial Engineering and Management, Advertising and Media management, Finance and Risk Management, Industrial Management, Health and Hospital Management, Educational Management, Telecom Management, Environment and Energy Management, Economics and Psychology.
This ground-breaking academy to spur innovation in actuarial science for Asia is being established in Malaysia.