What's Actuarial Science?
I'm thinking about majoring contained by this field subsequent year. I have a nonspecific idea of what it is and it sounds TRUE interesting, but I wanted to hear from some experts. I'd close to to hear what the theoretical/practical application of the science is, and if any of you guys or girls are practicing actuaries, what you really do. What this job can front to, What's rewarding about it, opportunity, etc.
Answers:
Actuaries are the mathematicians in the insurance industry. We use arithmetic and statistics to estimate the premium to charge for an insurance deal or to estimate how much to set aside to repay for claims. It takes eight or nine difficult exams to become a fully credentialed actuary contained by the US. People who pass adjectives the exams are called Fellows (even females), and will do pretty economically financially. A good suggestion site is http://users.aol.com/fcas/advice.html
Other Answers:
Insurance/underwriting/number crunching/ risk management