09-02-2003, 07:26 PM
Actuarial sciences are part of mathematics and ststistics at a very high level as these are concerned with 'probability' of future events,e.g. actuaries predict the life expectancy to determine insurance premiums, or they review the pension fund for adequacy of assets to cover likely future pensioners demands etc.
In UK there is The Istitute of Actuaries, while in USA it is The Society of Actuaries. The UK qualification is FIA (Fellow Institute os Actuaries) after a number of professional exams and work in insurance or pensions, similarly the US qualification is FSA (Fellow Society of Actuaries).
There are Universities in UK and USA who tailor there courses so that graduates can obtain exemption from some professional exams of the respective bodies.
Mathematics required is very tough and pass rates are low.
Hope this is helpful. You can go to the websites of the professionsl bodies to gain more information.
Regards
In UK there is The Istitute of Actuaries, while in USA it is The Society of Actuaries. The UK qualification is FIA (Fellow Institute os Actuaries) after a number of professional exams and work in insurance or pensions, similarly the US qualification is FSA (Fellow Society of Actuaries).
There are Universities in UK and USA who tailor there courses so that graduates can obtain exemption from some professional exams of the respective bodies.
Mathematics required is very tough and pass rates are low.
Hope this is helpful. You can go to the websites of the professionsl bodies to gain more information.
Regards
