Actuary Career

Hello, I want to know the details of the career in actuary as I want to join the field. Will you please provide me?

[Kiran Chandar]

Hello, here I am providing you the details of the career in actuary as under:

Study of actuary:
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals who are qualified in this field through education and experience.

Job profile specializations:
Commercial and retail insurance
Pension and benefit funds
Reinsurance
Risk management
Technology development
Sales and marketing
Advanced research
Quantitative modelling

Salary:
Salary
Rs 291,725 - Rs 4,035,942

Bonus
Rs 5,045 - Rs 775,664

Profit Sharing
Rs -21.77 - Rs 202,028

Commission
Rs 50,000

Total Pay
Rs 296,586 - Rs 4,618,655

Job duties:
Produce charts, tables, and reports that explain their calculations and proposals
Compile statistical data and other pertinent information for further analysis
Explain their findings and proposals to company executives, government officials, shareholders, and clients
Estimate the probability and likely economic cost of an event such as death, sickness, an accident, or a natural disaster
Design, test, and administer insurance policies, investments, pension plans, and other business strategies to minimize risk and maximize profitability