This blog is dedicated to all finance professional who are in search of a Qualified Actuary to get the Actuarial Valuation Reports for Accounting of Gratuity, Leave Encashment , Pension & Long Term Employee Benefits in compliance of Ind AS 19, AS 15 (Revised 2005) &y IAS 19 (Revised 20011). We have given introduction of Mr. M.L.Sodhi & a brief about his services in this blog.
Friday, December 18, 2015
What is an Actuary?
Actuary is an expert in risk management. He uses his mathematical skills to help measure the probability and risk of future events. His skill is used for decision making in the fields including healthcare, pension, insurance, investments, employees benefits falling in category of defined benefits. Actuaries in India belong to the INSTITUTE OF ACTUARIES OF INDIA.
What an Actuary Does?
Actuary is an expert in assessing the financial impact of uncertain events happening in future. His skill is useful to make financial decisions with more confidence. He does this by:-
· Analyzing the past · Modeling the future · Assessing the risks involved, and · Communicating what the results mean in financial terms.