Actuarial Sciences

An actuary must be highly competent in mathematics and statistics in order to determine the potential costs of risks, like car accidents, illnesses or natural disasters. Read on to learn more about education and employment in this field.

Inside Actuarial Sciences

Actuarial science is a field of study that deals with predicting and controlling risk based on mathematics, statistics and economics. Actuaries use statistical models to help determine the likelihood of an event, such as a natural disaster, death or accident. These professionals can then determine how to cover a company's costs while making a profit. For example, an actuary at an insurance company could determine how much to charge for car insurance based on the risks associated with an individual or a group of people.

Education Information

Aspiring professionals in this field may pursue a bachelor's degree in finance, mathematics, actuarial science or general business. Completion of bachelor's-level courses in corporate finance and applied statistics is required for professional certification through the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS). Additional requirements for certification include completion of 5-7 exams. Learn more about relevant degree programs by reading the following articles.

Distance Learning Options

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