About the Actuaries

by lakemen » Thu Jun 22, 2006 09:25 am
Posts: 1260
Joined: 18 May 2005

Actuaries are specialist in mathematics of insurance who calculates the reserves, premiums, pension, annuity rates, dividends and other related statistics. They are also known as Mathematician. They analyze the financial impact associated with the risk of the uncertain future events. Actuaries use the techniques of economics, mathematics, statistics and finance to determine the rates. They are employed by the insurance companies.

Total Comments: 6

Posted: Sat Jun 30, 2007 12:41 pm Post Subject:

Whatis the average salary rate for actuaries in your country? And who knows, in your contry do insurance companies practice to admit foreign actuaries?

Posted: Mon Jul 02, 2007 04:57 am Post Subject: a linc..

Hey!

I'm sure the info below might come in handy!
actuary-recruiter.com/web/nas/salarysurvey.html

Posted: Mon Jul 02, 2007 05:11 am Post Subject: actuarial income

Well my friend, you could rest assured that if you be an actuary you would be paid much better than many other professions. Infact I have seen some of my experienced friends earning around $150,000 to $250,000 a year. Even in some cases we see associates earning a better package than many of the MBAs.
Yeah, ofcrs it would differ owing to the operating locations, the expertise, the job and the industry one is associated with, like a fellow professional assoc. with the banking sector might just draw a better compensation package than his competitor at the healthcare industry.
regards, Evan T. Smith.

Posted: Mon Jul 02, 2007 05:28 am Post Subject: regards!

Hi..may be this link could be of some use to you!
bls.gov/oco/home.htm..regards..mortgagelndrcross

Posted: Mon Jul 02, 2007 12:03 pm Post Subject:

*Infact I have seen some of my experienced friends earning around $150,000 to $250,000 a year.*
For now I can hardly imagine such salary....
In our country actuaries get average salary 25-30K a year. It's maximum.

Posted: Wed Dec 05, 2007 12:50 am Post Subject:

In our country actuaries get average salary 25-30K a year. It's maximum.



Could you please tell us what country are you from?

Actuaries are paid high because of their ability to foresee the financial status of the company in the future. They should be good at computing premiums, pensions, dividends, and everything that needs calculation. The company's success and survival depends on their calculations. So the actuaries must be precise on their calculations.

I am a Computer Science and Mathematics graduate. In final year of college, I wanted to do actuarial work but most companies wanted a worker to have a at least 2 year experience even for those Junior Actuaries and Assistants. Because this kind of job is so delicate.

To explain a little further, I will try to compare an actuary to an accountant. The actuary is calculating the money that the company would have in the future. While the accountant is calculating and balancing the money that have been used in the past

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