Actuaries use mathematical models and statistical techniques to analyze risk and to create and price accident/health products.
Faculty of Actuaries was created in 1856.
Faculty of Actuaries ended in 2010.
Institute of Actuaries was created in 1848.
Institute of Actuaries ended in 2010.
The Society of Actuaries is the governing body for Actuaries around the globe. Their mission is to improve the decision making ability of the society while enhancing the ability of actuaries to be trusted financial advisers.
Institute of Actuaries of India was created in 1944.
Norwegian Society of Actuaries was created in 1904.
Worshipful Company of Actuaries was created in 1979.
American Academy of Actuaries was created in 1965.
Conference of Consulting Actuaries was created in 1950.
The motto of Society of Actuaries is 'The work of science is to substitute facts for appearances and demonstrations for impressions.'.
Actuaries in life insurance play a crucial role in assessing risk and determining premium rates by analyzing statistical data related to mortality, morbidity, and other factors. They use mathematical models to project future claims and ensure the financial stability of insurance products. Additionally, actuaries help design insurance policies, evaluate reserves, and ensure compliance with regulatory requirements, ultimately contributing to the sustainability and profitability of the insurance company.