Career Options for an Actuary

An actuary is an expert who applies statistical and mathematical methods to assess financial and other risks relating to various contingent events and for scientific valuation of financial products in the field of insurance, retirement and other benefits, investments, etc. The actuary designs insurance and pension plans, determines insurance premium rates and contract provisions for each type of policy offered, compiles data related to rates of mortality, sickness, injury, retirement and property loss from theft, accident, fire or any other hazard. On the basis of data thus collected, s/he analyses claims (insurance) from corporation or company. S/he also creates new and attractive policies to further the organisation's business.


Career Options

• Administrative Officer (AO) and Assistant Administrative Officer (AAO)
• Development Officer
• Insurance/ Composite Agents
• Insurance Surveyors
• Actuaries
• Insurance Underwriter
• Investment Professionals

• Very lucrative career
• Assignments do not entail high stress-levels
• Requires concentrated and dedicated self-study
• Not much awareness of this profession.
• A few people understand its value
• The road to becoming a fellow is difficult as the course is a long drawn one and very specialised