Are maths and statistics your favourite subjects? Would you like to use these subjects for calculating financial risk and their management? If yes, you should consider a career in Actuarial Science.
Actuarial Science deals with scientific calculation and evaluation of monetary, insurance and financial risks. They help is maintaining the economic stability in insurance and financial organisations. They apply mathematical, statistical and computational models for the risk assessment and evaluation. They also use probability principles to predict the risk involved in coming future also provide preventive measures.
Examples: In India, only a Fellow Actuary can certify the price of a life or general insurance policy.
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