PGD Actuarial Science

What is Actuarial Science? • “Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions” (Wikipedia) • Blend of math, finance, and economics • The study of analyzing and dealing with potential risks • People who study actuarial science are referred to as actuaries What does an Actuary do? • Traditionally work in Insurance and Consulting companies • Several disciplines • Life, health, property & casualty, pensions, etc. • Several roles • Reserving, pricing, trend analysis, reporting, etc. • Earn professional designations through exams • Sometimes serve in other capacities • Consistently among highest rated jobs • Fast growing field Accrediting Agencies • Two US accrediting agencies • Casualty Actuarial Society • Society of Actuaries • Actuaries typically required to be accredited with one agency • Each have own exams and disciplines