Actuary????

Posted: Fri Mar 30, 2007 04:29 am Post Subject:

being an Actuary is a tough job so I hear. You have to like numbers and be good at math and figuring out statistics. I am not 100% sure what goes into becoming one but I do know it is a lot of work! Good luck to you.

Posted: Fri Mar 30, 2007 05:47 am Post Subject:

Thanks nique. Does anyone have more to add on this? Any more information would be appreciated. :)

Posted: Mon Apr 02, 2007 04:34 am Post Subject:

Evan had posted this in another thread...you may start to do some research here...also look on the web you can prob get more info there. I am thinking that we do not have any members that are actuary's so if you become one or find out some more information, I think it would be great if you could share it here so that we could all learn something from it. Just a thought...wish I could help you more.

Posted: 24 Jun 2006 09:34 Post subject: Websites of Actuarial Journals

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I found some Actuarial Journals which has been listed below:

"http://www.findarticles.com/p/articles/mi_qa4030"
"http://www.city.ac.uk/library/subject_guides/actuarial_science/journa ls.html"
"http://www.actuaries.asn.au/PublicationAndResearch"
"http://www.statsci.org/jourlist.html"

Thanks
Evan.

Posted: Mon Apr 02, 2007 11:03 am Post Subject:

Yea becoming an actuary is not an easy job...Hey was out of touch from some days ..had meetings going around here n there..btw , I am Anand Arora from India and am planning to take Actuarial Studies as a profession too.. Quite new to insurance but an oldie to Mathematics.....I have started a blog on my actuarial preparation which i need to update from the start ..just introduction yet done...
If you go to a site like CAS etc..you will find that the syllabus of Actuarial Examination has many parts much of them include Mathematics, Insurance knowledge and even Corporate Communication as well...
Preparation requires full concentration and focus over your weak areas and a hold on the stronger one...These days , competition has built up in this career and more and more people have started coming out to be the One...
Would write more about the subject if you say me....Especially Mathematics one

Posted: Fri Apr 06, 2007 07:28 am Post Subject:

hey guys,
may be this helps you,
beanactuary.org

Posted: Sat Jun 30, 2007 12:43 pm Post Subject:

Yes, to become actuary is not so easy, you have to pass severe exams. But according to the statistics of one british magazine (I don't remember what exactly) it occupies the second place to be the most payable job.

Posted: Wed Dec 05, 2007 01:13 am Post Subject:

It should be included as one of the most payable job because the companies insurance depends on them. I mean, people are insured through insurance companies and the insurance companies get their insurance from actuaries, in some way.

The actuaries should be exact in their calculations for if they have committed a mistake, big amount of money will be lost by the company. This is the reason why some insurance companies becomes broke, low premiums, high returns. The actuaries must make sure that the insurance company will have a balanced sheet by the end of the year, or better yet have a high earnings.

In my understanding, insurance companies are like banks but have absolutely different policy. You are paying premiums (just like saving in a bank monthly). When the premium matured, you are eligible of all the benefits listed in the contract (same as with a time deposit in your bank). The actuaries job will make sure that the amount of money you paid will be good enough for the company to invest and the company won't go bankrupt when it is time to get back your money in times of emergencies or pensions.

Hope this helps and I too really wanted to be an actuary but it takes time and experience to become one. The insurance companies rely very much on these people so experiences, knowledge, and maturity of the actuary is of great concern to them.

Posted: Fri Dec 21, 2007 03:48 pm Post Subject:

sounds like a job where you have to know your stuff and stay current on new information, if it deals with the math and numbers it is not for me, goodluck, it looks like you got a ton of good information and resources here. come on back and keep the forum updated because someone else may be looking for the information and you can be the one who answers the questions for them. Hope you accomplish your goals.