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What is an insurance company statistician called?
actuaries
What is the function of pension fund actuaries?
Actuaries are responsible for predicting future pension fund obligations and contributions; they also determine investment return requirements.
How much do actuaries earn?
$4.000 per month
What qualifications do you need to become an actuary?
Actuaries earn professional designations based on the organization they belong to and their status in the professional exam system. When an actuary has met certain professional educational standards by passing a series of exams, he or she achieves the designation of Associate. Actuaries who specialize in property and casualty practice receive the ACAS designation. It stands for Associate of the Casualty Actuarial Society. Actuaries who practice in life, health, finance, investments or pensions receive the Associate of the Society of Actuaries, or ASA, designation. After achieving the Associate designation, the actuary can elect to continue to take exams to achieve the highest designation, Fellow. Casualty actuaries are Fellows of the Casualty Actuarial Society or FCAS. Fellow of the Society of Actuaries, or FSA, is the designation achieved by life, health, pension, finance and investment actuaries. Below are the different actuarial designations and organizations that grant them. Check out the actuarial alphabet. FCAS Fellow of the Casualty Actuarial Society ACAS Associate of the Casualty Actuarial Society FSA Fellow of the Society of Actuaries ASA Associate of the Society of Actuaries MAAA Member of the American Academy of Actuaries FSPA Fellow of the American Society of Pension Actuaries MSPA Member of the American Society of Pension Actuaries FCA Fellow of the Conference of Consulting Actuaries MCA Member of the Conference of Consulting Actuaries ACA Associate of the Conference of Consulting Actuaries FCIA Fellow of the Canadian Institute of Actuaries EA Enrolled Actuary What skills are needed to be an actuary? Specialized math knowledge. Calculus, statistics, probability. Keen analytical, project management and problem solving skills. Good business sense. Finance, accounting, economics. Solid communication skills (oral & written). Strong computer skills. Word processing programs, spreadsheets, statistical analysis programs, database manipulation, programming languages. What talents are needed to be an actuary? Self-motivation Creativity Independence Ability to work with others Ambition In a nutshell, the abilities developed and honed by successful actuaries include an excellent business sense with a knowledge of finance, accounting and economics, keen analytical, project management, and problem solving skills, specialized math knowledge, strong computer skills, and solid written and oral communication skills. In addition, actuaries enjoy learning, like to solve complicated problems, enjoy writing and talking to people, can work effectively alone or as part of a team, are interested in a variety of historical, social, legislative, and political issues, and are self-motivated achievers.
Does an actuary or a heart surgeon earn more in the US?
A heart surgeon earns more than an actuary in general, however, many actuaries earn in excess of $110,000 once they obtain their fellowship plus they receive annual bonuses of 20% or more. It is a profession where the more experience and exams you pass, the higher your salary is. Visit the following website for accurate salary information for actuaries: http://www.dwsimpson.com/salary.html
When was Faculty of Actuaries created?
Faculty of Actuaries was created in 1856.
When did Institute of Actuaries end?
Institute of Actuaries ended in 2010.
When was Institute of Actuaries created?
Institute of Actuaries was created in 1848.
When did Faculty of Actuaries end?
Faculty of Actuaries ended in 2010.
What is the mission of the Society of Actuaries?
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.
When was American Academy of Actuaries created?
American Academy of Actuaries was created in 1965.
When was Worshipful Company of Actuaries created?
Worshipful Company of Actuaries was created in 1979.
When was Institute of Actuaries of India created?
Institute of Actuaries of India was created in 1944.
When was Norwegian Society of Actuaries created?
Norwegian Society of Actuaries was created in 1904.
When was Conference of Consulting Actuaries created?
Conference of Consulting Actuaries was created in 1950.
What is Society of Actuaries's motto?
The motto of Society of Actuaries is 'The work of science is to substitute facts for appearances and demonstrations for impressions.'.
BMS plus CA or BMS plus Actuarial science?
Ca is the Great Combination as compared to actuaries as Institute of Actuaries of India is not as recognized as ICAI. Actuaries of U.K is well Recognized
