Let me first introduce the subject to you what does Actuarial Science actually means else it would be very hard to follow the topic and you will lead to a disaster full career if not followed properly.Actuaril Science is the study that applies "mathematical" and "statistical" aptitudes to assess risks in "Insurance and Finance" industries.History says the need for actuaries aroused first in Insurance sector with the increase in demand for long-term insurance coverages such as burial,life insurance and annuities.With the early 20th century came the boom in pension and healthcare schemes which demanded the study to analyze how the money should be handled to pay future benefits such as annuities and death benefits to the scheme holder.So,in short actuaries were needed to postulate the data in the form so that all money is handled and invested so as to pay whatever a scheme holder is entitled to.With a knowledge of basic "maths" and "stats" which is popularly known as "M N S" in this field a person can make a data which will give a present value of future sum.The study can also be applied to other forms of insurance such as "Property,Casuality,Liability and General" Insurance.Similary the study is also applied to finance to assess financial risks and to forecast the future of industry in terms of the revenue and costs.We know that there are very less number of domains that are not affected by technology and yes actuaries is also afftected by the technology in the way that previously actuaries professionals used to prepare data sheets,tables and used to analyze so much of data which demanded so much of time and calculations that were cumbersome,but with the advent and boom in computers actuaries are now actually feeling easy in their work.From pencil-paper to punchcards to high speed devices such as computers the modelling and forecasting abilities of the actuary has grown exponentially and the actuaries needed to adjust to the new world to revolutionize this field.
Other subjects needed are
1.Programming languages
2.Finance
3.economics
4.Probability
So those people interested in these domains and find themseleves very much involved in above subjects then for you guyzz actuaries is the place to be in future.
Links:
1.http://www.actuariesindia.org/
2.http://www.actuaries.in
3.http://www.scholarshipsinindia.com/actuarial_science_course.html
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