Insurance Actuary Salary Range

I am interested in the field of Actuarial science and planning to do courses want details related to this course. Willy you please tell details what the Insurance Actuary Salary Range and what the duties or work of Actuaries also provide list of institutes from where I can do Actuaries courses?

[Pathak]

An actuary is mostly needed in the insurance sector and pension programs where the task is to use financial theories, statistics and mathematics to study uncertain future events.

Insurance Actuary Salary Range

Insurance companies and consulting firms give merit to experience and qualifications with salary packets ranging from 8 lacs per annum for beginners to around 40 lacs per annum for those in senior positions.

An actuarial professional in USA earns an average annual pay of 93,680 USD

Duties

Actuaries typically do the following:

Compile statistical data and other information for further analysis
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
Produce charts, tables, and reports that explain calculations and proposals
Explain their findings and proposals to company executives, government officials, shareholders, and clients

Actuarial science courses are offered in selected institutions in India.

They are listed below.

1. Haryana Engineering College, Jagadhri, Haryana.
2. Christ University, Bangalore, Karnataka.
3. Bishop Herber College, Trichy, Tamil Nadu.
4. Ernakulam Insurance Institute, Ernakulam, Kerala.
5. The National Insurance Academy, Pune, Maharashtra.
6. College Of Insurance, Mumbai, Maharashtra.
7. Insurance Training Centre, Kolkata, West Bengal.
8. Directorate of Distance Education, Karikudy, Tamil Nadu.
9. College Of Vocational Studies, New Delhi.
10. Tolami Institute Of Management Studies, Adupur, Gujarat.
11. Kalyani University, Nadia District, West Bengal.
12. Shri Vile Parle Kelavani Mandals Narsee Monjee Institute of Management Studies, Mumbai, Maharashtra.
13. Institute of Actuaries of India, Mumbai, Maharashtra.
14. D.S Actuarial Education Services, Mumbai, Maharashtra.
15. Amity School of Insurance and Actuarial Sciences, Noida, Uttar Pradesh.

Related career options:

Accountants and Auditors
Cost Estimators
Budget Analysts
Economists
Financial Analysts
Insurance Underwriters
Mathematicians
Personal Financial Advisors
Postsecondary Teachers
Statisticians