Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty. Actuaries are professionals trained in this discipline
Actuarial Science, B.Sc. | University of Nairobi | Nairobi, Kenya
Actuarial Science – Department of Statistics and Actuarial- Jkuat
What does an actuarial scientist do?
Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries’ work is essential to the insurance industry.
Are actuaries in demand?
Employment of actuaries is projected to grow 20 percent from 2018 to 2028, much faster than the average for all occupations. However, because it is a small occupation, the fast growth will result in only about 5,000 new jobs over the 10-year period
What type of math do actuaries use?
Actuaries use skills in mathematics, economics, finance, probability and statistics, and business to assess the risk of certain events occurring.” “While I use math every day the most beneficial part of my math background have been my creative thinking and problem solving skills