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CAREER IN ACTUARIAL SCIENCE

   

Actuarial Science Career : Introduction

Actuarial science refers to applying of mathematical and statistical methods to finance and insurance, particularly to risk assessment. It includes a number of interrelating disciplines, including probability and statistics, finance, and economics. Actuarial science is build on the statistical evaluation of the financial and economic implications of possible contingencies. Traditionally actuarial science used deterministic models for constructing tables and premiums. But in recent times due to advancement in technology and use of high speed computers and the synergy of stochastic ,actuarial models with modern financial theory. Actuaries are organizations that provide services in sectors like finance and investment, insurance (health, life, general) and several benefit plans regarding employee retirement



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