Scope in Actuary course

Hi I want to know the scope of Actuary course so can you please tell me?

[Raman Vij]

Actuarial sciences involve financial and risk management in the insurance sector, including areas like banking, investment, healthcare, etc.
There are various short term courses in actuarial science. A few of those courses are-

Certificate course in intermediaries in Specific insurance subjects
PG Diploma in management of Insurance and financial services
Courses for Insurance managers
PG Diploma in Insurance Science
PG Diploma in Insurance and Risk Management

Actuaries have key roles in many business as well as social contexts. They are:

Health Insurance
Vehicle Insurance
Life Insurance
Employee Retirement and Benefit Plans
General Insurances
Investment and Financial Services

A few other sectors that require suitable actuaries are listed below.

Asset Liability management in many sectors
Pension Funds
Banks
Project Management
Hospitals
Health care sectors
Education sectors
BPO
Investment firms
Risk Management
Rating Agencies

Actuaries can play the following roles.

Risk analysts
Administrating officer
BPO administrator
Actuary Director
Finance consultants in various Insurance sectors
General Officer
Financial Service Executive
Appointed Actuary
Actuarial Analyst
Health care directors/managers/analysts
Accounts manager
Pension Providing administrator other than in Insurance companies
Senior Actuarial Analyst
Asset Liability manager
Financial/Insurance Consultants in IT sector
Insurance risk managers
Assistant Administrative Officer

Scope in Government Insurance Companies

The following insurance companies in public sector also provide placements for actuaries.

New India Assurance Company
Life Insurance Corporation of India
Oriental Insurance Company Limited
National Insurance Company Limited
United India Insurance Company

Scope in Private Firms

A few organizations in private sector that provide career opportunities for actuaries are listed below.

Birla Sun Life Insurance Co. Ltd.
Non Governmental IT Organizations
Max New York Life Insurance
Non governmental education institutes
SBI Life Insurance Co. Ltd.
ING Vysya Life Insurance
Allianz Bajaj Life Insurance Co.
Metlife India Insurance Co. Ltd.

Can you tell me about the scope in Actuary course offered in India as I want to take admission in it but am quite confused about it?

[Quick Sam]

Actuarial Science is the discipline that applies mathematical and statistical methods to assess risks in insurance and finance industries.

Actuaries work in a wide range of areas like life insurance, general insurance, pensions and employee benefits, health insurance, reinsurance companies, investment, consultancies and risk management.

Scope in Various Sectors

Actuaries have important roles in many business and social contexts like:
Health Insurance
Vehicle Insurance
Life Insurance
Employee Retirement and Benefit Plans
General Insurances
Investment and Financial Services

Other Sectors
Asset Liability management in many sectors
Pension Funds
Banks
Project Management
Hospitals
Health care sectors
Education sectors
BPO
Investment firms
Risk Management
Rating Agencies

Actuaries can play the following roles.
Risk analysts
Administrating officer
BPO administrator
Actuary Director
Finance consultants in various Insurance sectors
General Officer
Financial Service Executive
Appointed Actuary
Actuarial Analyst
Health care directors/managers/analysts
Accounts manager
Pension Providing administrator other than in Insurance companies
Senior Actuarial Analyst
Asset Liability manager
Financial/Insurance Consultants in IT sector
Insurance risk managers
Assistant Administrative Officer

Scope in Government Insurance Companies

The following insurance companies in public sector also provide placements for actuaries.
New India Assurance Company
Life Insurance Corporation of India
Oriental Insurance Company Limited
National Insurance Company Limited
United India Insurance Company

Scope in Private Firms

A few organizations in private sector that provide career opportunities for actuaries are listed below.
Birla Sun Life Insurance Co. Ltd.
Non Governmental IT Organizations
Max New York Life Insurance
Non governmental education institutes
SBI Life Insurance Co. Ltd.
ING Vysya Life Insurance
Allianz Bajaj Life Insurance Co.
Metlife India Insurance Co. Ltd.

Top Actuarial Science Colleges in India

Aligarh Muslim University
Amity School of Insurance and Actuarial Science Noida
Manipur University
Birla Institute of Management Technology
Bishop Herber College
University of Madras
University of Kalyani
Gurunanak Dev University
Jaipuria Institute of Management
RNIS College of Insurance