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.
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References in periodicals archive ?
Minhaj Ali son of Syed Ali Raza BS (Actuarial Sciences) (Statistics), Syeda Urooj Fatima d/o Syed Ali Raza DPT (Health and Physical Education) and Fatima d/o Shakoor Ali BA (H) (Urdu).
Moreover, in order to strengthen the knowledge and skill base of the Insurance Division to cope with the growing needs of the insurance sector, the SECP has also introduced educational policy to encourage its employees in obtaining insurance-related qualification in the areas of actuarial sciences and operational aspects of the insurance business.
Aqil Burney, HoD Actuarial Sciences, Risk Management and Mathematics, IoBM delivered the Welcome Address and the historical importance of this Conference and Prof.
Mathematics requires special study skills and techniques as it leads to lucrative careers such as medicine, pharmacy, engineering and actuarial sciences. It can be confusing sometimes and be necessary to ask for special help and seek assistance from your tutor.
Total students in program: 52 insurance and risk management majors, 12 actuarial sciences minors
It was pointed out that admissions will be granted in the Departments of Agriculture and Agri-business Management, Applied Chemistry and Chemical Technology, Arabic, Bengali, Biochemistry, Botany, Criminology, Chemistry, General History, Geography, Geology, Health, Physical Education and Sports Sciences, Islamic History, Islamic Learning, Marine Science, Mathematics, Persian, Philosophy, Physics, Physiology, Political Science, Psychology, School of Law ( LLB) Sindhi, Social Work, Sociology, Space Science and Technology, Statistics, Actuarial Sciences and Risk Management, Urdu, Usool uddin, Women's Studies and Zoology.
A course based on it could stand alone as a terminal course, he says, but it would also prepare students for upper-level courses in statics, stochastic processes, and actuarial sciences. The text draws from his experience at a small liberal arts college, teaching not only mathematics major but also students of the natural and social sciences and occasionally the humanities.
Today, the firm has its own student training program in the area of casualty actuarial sciences.
Students who graduate from actuarial sciences programs become actuaries, a profession consistently ranked as one of the top five careers in the United States.
This week mini-Convocation of UVU was held at the Sri Lanka Foundation and Vice Chancellor, Chandra Embuldeniya conferred the Post Graduate Diploma in Actuarial Sciences on several who passed out from that University.
On his way to pursuing a math degree, he dabbled in actuarial sciences and ended up interning at Conseco.
John's graduate; Bryan Low Yew Pha, a sophomore in actuarial sciences; Natasha Bien-Aime, a graduate with a major in risk management; and Laura Winn, another actuarial science major and Aon intern.