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.

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