Why
Actuarial science?
Ø 
Low supply, high demand. There are very actuaries in India.
Industry feels there is 20-25% shortfall.
Ø 
Larger profile. Apart from the traditional areas of life and
general insurance, pension and reinsurance, actuaries now act as consultants,
investment advisers and risk managers as well.
Ø 
Hands on. ASI fellowships can be completed in 5-6 years' time.
Actuarial studies can be pursued alongside a full-time job.
Ø  Money
magic. With about 6 years of experience, a fellowship and work at a senior
position, you can earn Rs 50 lakh a year
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About actuarial science
1.     Actuarial
science is the discipline where one applies mathematical and statistical methods
and tactics to assess various risk in insurance, finance and
other areas. Actuaries are
are the leading professionals in finding ways to manage risk. It takes a
combination of strong analytical skills, business knowledge, and understanding
of human behavior to manage today's complex risks facing our society.
2.     Actuarial
science includes a number of interrelating subjects, including probability,    mathematics, statistics, finance, economics, financial economics, and computer programming.
3.     Actuaries
are experts in evaluating the likelihood of future events and ways to reduce
the negative impact of undesirable events.
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