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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.
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. [1] These risks can affect both sides of the balance sheet and require asset management , liability management, and valuation skills. [ 2 ]
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.
Average Annual Salary: $136,620. Required Education: Master’s Degree or higher. Number of Jobs: 36,500 in 2022. ... 9 High-Paying Jobs in Science and Tech. Show comments. Advertisement.
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Name Post-nominal Agency Associate of the Society of Actuaries: ASA: Society of Actuaries: Fellow of the Society of Actuaries: FSA: Society of Actuaries: Chartered Enterprise Risk Analyst
By 2005, an Indian actuary with at least 7 years of post-qualification experience was paid about US$40,000 in annual salary. The package rises to US$60,000 for an appointed actuary. IAI is a statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation of profession of Actuaries in India.
For example, valuing financial service firms and valuing mining corporates requires specialized knowledge regarding their valuation-, regulatory-, and accounting standards; and, respectively, qualifications in actuarial science, [31] and mining engineering or geology [32] will then be required.
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