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The actuarial credentialing and exam process usually requires passing a rigorous series of professional examinations, most often taking several years in total, before one can become recognized as a credentialed actuary. In some countries, such as Denmark, most study takes place in a university setting.
The Actuarial Society of America was the first actuarial professional association in North America, founded in 1889 with only 38 members and headquartered in New York City. Initial members were included by invitation, but the organization soon adopted a system of examination for qualification, with the first Fellow to qualify via exams joining ...
First person to use the title 'actuary' with respect to a business position [39] William Morgan (1750–1833) Morgan was the appointed Actuary of the Society for Equitable Assurances in 1775. He expanded on Mores's and Dodson's work, and may be considered the father of the actuarial profession in that his title became applied to the field as a ...
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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 salaries of these migrants ranged from £42,500 (actuary) to £186,261 (chief actuary). The average salary was £82,042. Despite Solvency II Directive work being cited as a reason for a shortage of actuaries, only one migrant had the description "Solvency II" in their job title.
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