Is there any scope of actuarial sciences?
Asked by Madhur Nagrath
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3 Answers
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Actuarial Science professional design and price insurance policies, monitor adequacy of funds for paying promised benefits, recommend appropriate rate of bonus, evaluate the insurance business, ensure solvency margin and legal liability, loss of profit, etc. They use scientific data to calculate risks and fix premiums. Actuarial Science professional s have good career opportunities in companies which are in the field of Health Insurance, General Insurance, Life Insurance, Reassurance companies, Consulting firms, Government Investment firms ,Risk Management, Banks and financial institutions. Refer https://www.shiksha.com/careers/actu...more
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Answered by
Adv. Ved Vinayak Law educator at Lex Logic You Tube channel. | Contributor-Level 9
2 years agoMy dear candidate, scope in Several Sectors
Actuaries play important roles in several corporate and social environments. As follows:
Medical Insurance, Automobile Insurance, Health Insurance, Plans for employee retirement and benefits
Insurances in general, Financial and Investment Services, sectors of education. BPO Investment companies
Rating agencies for risk management
The following positions are possible for actuaries:
risk experts, Administrative assistant, Finance consultants in several Insurance areas, acting as a BPO administrator, Actuary Named as General Officer Financial Service Executive, Actuarial Expert
Health care analysts, ma...more -
Dear aspirant, Scope in Various Sectors
Actuaries have key roles in many business as well as social contexts. They are:
Health Insurance
Vehicle Insurance
Life Insurance
Employee Retirement and Benefit Plans
General Insurances
Investment and Financial Services
A few other sectors that require suitable actuaries are listed below. Asset Liability management in many sectors
Pension Funds
Banks
Project Management
Hospitals
Health care sectors
Education sectors
BPO
Investment firms
Risk Management
Rating Agencies
Actuaries can play the following roles:
Risk analysts
Administrating officer
BPO administrator
Actuary Director
Finance consultants in various Insurance...more
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