08-02-2004, 04:24 AM
bhai jaan,
as far as i know, Statistics has a specialized branch known as Acturial Sciences in which we collect stats about losses faced by the masses for a period and try to predict the pattern. This science is used in insurance business( setting the premium and blah blah).
at present there are very few actuaries in pk so there is a supply demand gap, meaning the income of an actuary is very high.
there is a draw-back, if cudn't get into any insurance company, all ur qualification and hard work is wasted ( in case of bad job market in future)
however the choice is urs. i dont know any institute where they teach actuarial sciences( however KU has a department for it but i am not sure of the standard of their degree). My suggention is to Ask the ppl at State Life Insurance for proper guidance.
Other members,if u know more about the actuaries stuff then plz plz do add to my knowledge.
Regards,
Ice Blue
as far as i know, Statistics has a specialized branch known as Acturial Sciences in which we collect stats about losses faced by the masses for a period and try to predict the pattern. This science is used in insurance business( setting the premium and blah blah).
at present there are very few actuaries in pk so there is a supply demand gap, meaning the income of an actuary is very high.
there is a draw-back, if cudn't get into any insurance company, all ur qualification and hard work is wasted ( in case of bad job market in future)
however the choice is urs. i dont know any institute where they teach actuarial sciences( however KU has a department for it but i am not sure of the standard of their degree). My suggention is to Ask the ppl at State Life Insurance for proper guidance.
Other members,if u know more about the actuaries stuff then plz plz do add to my knowledge.
Regards,
Ice Blue
