{"id":28314,"date":"2022-03-01T12:27:41","date_gmt":"2022-03-01T06:57:41","guid":{"rendered":"https:\/\/www.gcecglobal.com\/?p=28314"},"modified":"2024-01-23T16:40:59","modified_gmt":"2024-01-23T11:10:59","slug":"what-is-actuarial-science-and-what-is-its-scope","status":"publish","type":"post","link":"https:\/\/www.gcecglobal.com\/what-is-actuarial-science-and-what-is-its-scope\/","title":{"rendered":"What Is Actuarial Science, And What Is Its Scope?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"28314\" class=\"elementor elementor-28314\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-97148a2 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"97148a2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8ce7326\" data-id=\"8ce7326\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bfa4b34 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"bfa4b34\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.8 - 27-07-2022 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#2c2c2c;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:-webkit-box;display:-ms-flexbox;display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);-ms-flex-negative:0;flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:-webkit-box;display:-ms-flexbox;display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{-webkit-box-align:center;-ms-flex-align:center;align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:\"\";border-bottom:0;-webkit-box-flex:1;-ms-flex-positive:1;flex-grow:1;border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{-webkit-box-flex:0;-ms-flex-positive:0;flex-grow:0;-ms-flex-negative:100;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left .elementor-divider__element{margin-left:0}.elementor-widget-divider--element-align-right .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{-webkit-box-flex:0;-ms-flex-positive:0;flex-grow:0;-ms-flex-negative:100;flex-shrink:100}.elementor-widget-divider--element-align-right .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-right .elementor-divider__element{margin-right:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-container>.elementor-widget-divider{width:var(--container-widget-width,100%);-webkit-box-flex:1;-ms-flex-positive:1;flex-grow:1}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e0ca35c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e0ca35c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-234946f\" data-id=\"234946f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cc059c1 elementor-widget elementor-widget-text-editor\" data-id=\"cc059c1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.8 - 27-07-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">Actuarial science is a discipline that deals in mathematics, statistics and financial theory to measure, manage and mitigate financial risk and uncertainty. Actuaries play an essential role in the insurance industry, and they&#8217;re increasingly finding niches in other businesses. The professionals examining the economic impacts of undefined events in the future are known as actuaries. Actuarial Science presents good job openings with a salary package that can exceed your expectations.<\/span><\/p>\n<h3>&nbsp;<\/h3>\n<p><b>What is the aim of Actuarial science?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The main aim of Actuarial Studies is to develop the knowledge required to accomplish an actuary job and prepare students to pass their actuarial exams faster.&nbsp;<\/span><\/p>\n<h3>&nbsp;<\/h3>\n<p><b>Outlook Of Actuarial Science Course&nbsp;<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The aspirants can acquire a degree in actuarial science at both graduate and postgraduate levels. Some of the courses are&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">B.Sc. in Actuarial Science,&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Post Graduate Diploma in Actuarial Science,&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">M.Sc in Actuarial Science, etc.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Besides these regular full-time courses in Actuarial Science, some short-term courses are listed below.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PG Diploma in management of Insurance &amp; financial services;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Certificate course in Specific insurance subjects;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PG Diploma in Insurance Science<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Courses for Insurance managers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PG Diploma in Insurance and Risk Management&nbsp;<\/span><\/li>\n<\/ul>\n<p><b>Eligibility Criteria For Seeking Admission In Actuarial Science<\/b><\/p>\n<p><span style=\"font-weight: 400;\">To pursue an undergraduate course in Actuarial Science, the candidates must complete their 12th with Mathematics from a recognized board of India. The candidates with their undergraduate studies in the related stream can pursue any post-graduation course in Actuarial Science. The minimum marks asked to vary according to the universities.&nbsp;<\/span><\/p>\n<p><\/p>\n<p><b>The Pattern Of Act<\/b><b>uarial Science Exams:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">You have to pass the actuarial entrance exams to become a qualified actuary. These are independent exams and aren&#8217;t connected to academic institutions. Actuarial exams are challenging and need intense preparation. This is why most people take approx. 7-10 years to pass all of them. Each exam can take between 3-5 hours and involves multiple-choice questions and written answers.<\/span><\/p>\n<h3>&nbsp;<\/h3>\n<p><span style=\"font-weight: 400;\">There is also good news for all the students who want to become actuaries. They can work as an entry-level actuary assistant or junior analyst while sitting at the exams. Your hard work and dedicated will pay you off, as numerous corporations support employees and reward them money-wise for passing their actuarial exams.<\/span><\/p>\n<h3>&nbsp;<\/h3>\n<p><b>List Of Universities And Institutions Offering Actuarial Science In India<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Many colleges or universities in India provide various courses in actuarial science. Some of them are listed below.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">RNIS College of Insurance, New Delhi<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Aligarh Muslim University, Aligarh<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Birla Institute of Management Technology, New Delhi<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">University of Madras, Chennai<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Annamalai University, Tamil Nadu<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">University of Mumbai, Mumbai<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Goa University, Goa<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Kurukshetra University, Kurukshetra<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gurunanak Dev University, Amritsar<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">University of Kalyani, West Bengal<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Berhampur University, Orissa<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DS Actuarial Education Services, Mumbai<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Andhra University, Visakhapatnam<\/span><\/li>\n<\/ul>\n<h3>&nbsp;<\/h3>\n<p><b>Colleges Organizing Entrance Exam For Actuarial Science Course&nbsp;<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Some universities and colleges organize their own exams to select eligible candidates. Some entrance exams for actuarial science courses at the universities are&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Aligarh Muslim University Actuarial Science entrance exam,&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">IGNOU Actuarial Science entrance exam,&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Birla Institute of Management Technology entrance exam,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Annamalai University Actuarial science entrance exam,&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">University of Delhi entrance exam,&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AMITY School of Insurance &amp; Actuarial Science entrance exam, etc.&nbsp;<\/span><\/li>\n<\/ul>\n<h3>&nbsp;<\/h3>\n<p><b>What Is the Outstanding Scope Of Actuarial Science In Various Sectors?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Many foreign countries offer jobs like the U.K, U.S, Sri Lanka, etc., for actuaries in various sectors.&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Some European countries provide very high salary packages and good positions for experienced actuaries.&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fresh candidates can also explore opportunities as there is great scope abroad.&nbsp;<\/span><\/li>\n<\/ul>\n<h3>&nbsp;<\/h3>\n<p><span style=\"font-weight: 400;\">Following are the sectors that play a vital role in appointing highly talented actuaries in India.<\/span><\/p>\n<p><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Scope in Commercial sectors:<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Actuaries have vital roles in many businesses as well as social contexts. They are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Health Insurance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Vehicle Insurance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Life Insurance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employee Retirement and Benefit Plans<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">General Insurances<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investment and Financial Services<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Other categories of roles that skilled Actuaries can play in the commercial sector:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Risk analysts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Administrating officer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">General Officer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Service Executive<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Appointed Actuary<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Actuarial Analyst<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">BPO administrator<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Actuary Director<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Finance consultants in various Insurance sectors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Health care directors\/managers\/analysts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts manager<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Senior Actuarial Analyst<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Asset Liability manager<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial\/Insurance Consultants in the IT sector<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Insurance risk managers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assistant Administrative Officer&nbsp;<\/span><\/li>\n<\/ul>\n<h3>&nbsp;<\/h3>\n<p><span style=\"font-weight: 400;\">A few other sectors demanding skilled actuaries are listed below.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pension Funds,&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Banks,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Project Management,&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hospitals,&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">BPO<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Health care sectors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Education sectors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investment firms<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Risk Management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rating Agencies<\/span><\/li>\n<\/ul>\n<h3>&nbsp;<\/h3>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Scope for actuaries in Government Insurance Companies<\/span><\/li><\/ol>\n<p><span style=\"font-weight: 400;\">Actuaries also have a huge placement scope into following insurance companies in the public sector&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">New India Assurance Company<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Life Insurance Corporation of India<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Oriental Insurance Company Limited<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">National Insurance Company Limited<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">United India Insurance Company<\/span><\/li>\n<\/ul>\n<h3>&nbsp;<\/h3>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Scope for Actuarial in Private Firms<\/span><\/li><\/ol>\n<p><span style=\"font-weight: 400;\">A few organizations in the private sector that provide career opportunities to the actuaries are listed below.<\/span><\/p>\n<h3>&nbsp;<\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Birla Sun Life Insurance Co. Ltd.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-Governmental IT Organizations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Max New York Life Insurance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-governmental education institutes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SBI Life Insurance Co. Ltd.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ING Vysya Life Insurance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allianz Bajaj Life Insurance Co.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Metlife India Insurance Co. Ltd.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Scope of Actuaries Abroad<\/span><\/li>\n<\/ul>\n<h3>&nbsp;<\/h3>\n<p><b>What does the job of actuaries entail?<\/b><\/p>\n<p><b>Level 1:-<\/b><\/p>\n<p><span style=\"font-weight: 400;\">At the entry level, students are supposed to work as analysts to assess data, using the best programming skills like Python. While working in the insurance field, the actuaries assess financial risk, compliance of reports, etc.&nbsp;<\/span><\/p>\n<h3>&nbsp;<\/h3>\n<p><b>Level 2:-<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The job prospects for actuaries grow as you grow in data analytics and predictive modelling. Most organizations will welcome you for your expertise in tackling future problems and foreseeing losses.&nbsp;<\/span><\/p>\n<h3>&nbsp;<\/h3>\n<p><span style=\"font-weight: 400;\">Actuaries will always be in demand due to their intense risk management skills. They are good problem solves, hence a good investment for a company to make.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Are you committed enough to become an actuary and want to speed up the process? An Actuary Science degree will help you achieve that. Actuarial Studies are an excellent choice for people determined to follow an actuary career path and won&#8217;t settle for anything else. It is a very specialized position requiring intense training and devotion. Still, if you&#8217;re up for the challenge, the job market is eagerly waiting for people just like you.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Built a better pathway to achieve your goals in the best professional way with GCEC Global.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Actuarial science is a discipline that deals in mathematics, statistics and financial theory to measure, manage and mitigate financial risk and uncertainty. Actuaries play an essential role in the insurance industry, and they&#8217;re increasingly finding niches in other businesses. The professionals examining the economic impacts of undefined events in the future are known as actuaries. &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/www.gcecglobal.com\/what-is-actuarial-science-and-what-is-its-scope\/\"> <span class=\"screen-reader-text\">What Is Actuarial Science, And What Is Its Scope?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"","site-content-layout":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[11,1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Actuarial Science, And What Is Its Scope? - GCEC Global Foundation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gcecglobal.com\/what-is-actuarial-science-and-what-is-its-scope\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is Actuarial Science, And What Is Its Scope? - GCEC Global Foundation\" \/>\n<meta property=\"og:description\" content=\"Actuarial science is a discipline that deals in mathematics, statistics and financial theory to measure, manage and mitigate financial risk and uncertainty. 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