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Actuary

An actuary is the one who analyse the risk and uncertainties along with the financial costs. They use mathematics, statistics, and financial theory to access the risk of potential events. Their work is important for the insurance industry.

Career Options

  • - Actuarial Manager - Director
  • GAAP Actuary - Associate Actuary

Educational Qualifications

  • Minimum education required is 10+2

Personal Skills

  • - Mathematical genius - A love of logic - Should have problem solving skills - Business awareness - Good in communication - Excellent in number crunching

Courses to be pursued

  • Bachelor’s in mathematics
  • actuarial science
  • statistics
  • or some other analytical field.

Top Colleges

  • Christ University, Bangalore, Karnataka Address: Hosur Road, Bengaluru, Karnataka 560029 Phone: 080 40129100 Website: www.christuniversity.in
  • Bishop Herber College, Trichy, Tamil Nadu. Address: Puthur High Road, Tiruchirappalli, Tamil Nadu 620017 Phone: 0431 2770136 Website: www.bhc.edu.in

Working Conditions

- Actuaries work in teams that includes managers and professionals of other fields, such as accounting, underwriting, and finance. - Actuaries usually work in an office setting, those who work for consulting firms may need to travel to meet with clients. - They mostly have to work full time

Top Companies

  • Lloyd's of London Address: One Lime Street, London, EC3M 7HA, UK Phone: +44 (0)20 7327 Website: www.lloyds.com
  • The Aon Centre Address: Candor Info Space, Central Park II, Tikri, Sector 48, Gurugram, Haryana 122001 Phone: 0124 447 1500 Website: aonhewitt.co.in/Home/

Successful Persons

Daavid X Li

Daavid X Li called “the world’s most influential actuary” by The Financial Times. He is a quantitative analyst and actuary. He is the one who pioneered the use of Gaussian models for the pricing of collateralized debt obligations in the early 2000’s.

Harald Cramer

Harald Cramer also known as “one of the giants of statistical theory”. He was a well-known Swedish mathematician, actuary and statistician.

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