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The Institute of Actuaries of India is the sole national apex body for actuaries in India. It was formed in September 1944 by the conversion of the Actuarial Society of India into a body corporate by virtue of the Actuaries Act, 2006. It is under the ownership of Ministry of Finance, Government of India.
Lahore, Punjab, Pakistan. College of Statistical and Actuarial Sciences is a constituent college of the University of the Punjab in Lahore. History
Construction and Evaluation of Actuarial Models: 2005: Course 4 2017: Exam STAM M: Actuarial Models: 2005: Course 3 2006: Exams MFE and MLC 1: Mathematical Foundations of Actuarial Science: 2000: Education system redesign 2005: Exam P and VEE 2: Interest Theory, Economics and Finance: 2000: Education system redesign 2005: Exam FM and VEE 3 ...
Applicants of all degree courses are required to go through written admission tests and/or interviews. [6] ISI conducts the written tests at various examination centers across India. [6] Only in few cases, candidates may get called for the interview directly, viz. applicants of MTech Computer Science course having a GATE score above a threshold ...
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. Actuaries are professionals trained in this discipline.
The principal functions of the board are to set policy guidelines and to review the operations of the university. The Board of Governors, as the sponsor of LUMS, raises funds for the university's operation and maintenance. [25] In 1986, a business school by the name of Lahore Business School was established for an MBA Programme.
Note that Course 7 (Applied Actuarial Modeling), Course 8 (Advanced Specialized Actuarial Practice), and PD were part of the fellowship requirement. In 2007, the Fundamentals of Actuarial Practice (FAP) were introduced to cover real-world topics such as insurance and professionalism with readings, case studies, and projects. [ 14 ]
The CAS requires all candidates to qualify through a series of actuarial exams covering various aspects of actuarial practice. Passing Exams 1–6 as well as Exam S, the Course on Professionalism, the Validation by Educational Experience (VEE), and two online courses qualifies an actuary for the Associateship designation; passing three additional exams is required to become a Fellow. [10]