hi, lets discuss about actuaraies jobs , .and help eachother for being a actuary… from my side , i am going to give ct1 and ct3 in may 2007… its ur turn ::
hi, lets discuss about actuaraies jobs , .and help eachother for being a actuary..
from my side , i am going to give ct1 and ct3 in may 2007..
its ur turn
hi, lets discuss about actuaraies jobs , .and help eachother for being a actuary..
from my side , i am going to give ct1 and ct3 in may 2007..
its ur turn
hope it helps
CA or Actuaries
i started that post as i want to know how many actuaries are there..as i am also preparing for that..hop u understand...no comparison ...only learn and earn
CA or Actuaries
hey no response....
where r all actuaries or who preparing for actuaries....
as i rem some south university ( annamalia or madras) . but they giv only diploma in actuarial..please check their website...
r u preparing for actuarial..then just apply in A.S.I
Hey guys.. just a small query..
Is there ne college in India that offers post graduation ins actuarial sciece (distance learning).
Following are the colleges that offer this course but it is not thru correspondence
NMIMS
SNDT
AMITY
Mumbai University
&
Bishop & Heber College - Some say they do offer this course thru corres. even their website suggests that. But when I mailed them, they replied saying that they do not offer this course as of today.
Ne other colleges that u guys have come across.. Plz lemme know
Thanks
Cheerz
i will search and tell you asap..
Hey Raj..Thanks for ur reply.. actually i wish to do my MBA next year.. so am just lookin for a 1 yr distance learning course b4 that.. Neways do u remember the exact name of the college.. Wud be of great help
Thanks
Cheerz
Guys,
frankly speaking, these institutes that you have mentioned for actuaries courses are below par....all of them. As in they are not going to get you good actuaries jobs. The only flagship institution that is recognized for India in the actuaries courses is the Actuarial Society of India. Just as there are regulatory bodies for accountants (ICAI for CAs and ICWAI for ICWAs) the regulatory and reciognized body for the study of actuarial discipline is the Actuarial Society of India. However, I am sorry to see that no post mentions this.
For a lowdown on the ASI course, visit this...
www.actuariesindia.org/.
frankly speaking, these institutes that you have mentioned for actuaries courses are below par....all of them. As in they are not going to get you good actuaries jobs. The only flagship institution that is recognized for India in the actuaries courses is the Actuarial Society of India. Just as there are regulatory bodies for accountants (ICAI for CAs and ICWAI for ICWAs) the regulatory and reciognized body for the study of actuarial discipline is the Actuarial Society of India. However, I am sorry to see that no post mentions this.
For a lowdown on the ASI course, visit this...
www.actuariesindia.org/.
hey tumtum..i tell abt A.S.I in 6 th post.. but he was searching for some diploma in actuaries from distance eduaction...thats why i tell these universities..btw r yu alos preparing for actuarial...
Guys,
frankly speaking, these institutes that you have mentioned for actuaries courses are below par....all of them. As in they are not going to get you good actuaries jobs. The only flagship institution that is recognized for India in the actuaries courses is the Actuarial Society of India. Just as there are regulatory bodies for accountants (ICAI for CAs and ICWAI for ICWAs) the regulatory and reciognized body for the study of actuarial discipline is the Actuarial Society of India. However, I am sorry to see that no post mentions this.
For a lowdown on the ASI course, visit this...
www.actuariesindia.org/.
raj_2nice4u Sayshey tumtum..i tell abt A.S.I in 6 th post.. but he was searching for some diploma in actuaries from distance eduaction...thats why i tell these universities..btw r yu alos preparing for actuarial...
Nope I am not and I will never prepare for it too.
I am a CFA from ICFAI and will be appearing in the FRM exam this year.
ok.....best of luck for ur exam...are u working also...
Nope I am not and I will never prepare for it too.
I am a CFA from ICFAI and will be appearing in the FRM exam this year.
please click below link and read till last ..surely u will get plenty of options...
The Tribune, Chandigarh, India - Education Tribune
Hey raj.. u were gonna search n post the list of the institutes.. have u found any.. jus lemme know
Thanks
Cheerz
Hi All,
I would appear in CT1, CT2 & CT3 exam to be held in Nov. 08. If anyone knows any openings for actuarial sudents do let me know.
To make it clearer ASI is the only institute which is formally recognised Institute by Institute of actuaries of London and is worth trying. Else than this no any actuarial education acquired in India is considered as at par with world class standards.
Regards,
Siddharth
the whole course duration from ASI is very long as per my info.
also the no. of students reaching the final level is very less.
is it true dat actuaries ppl are one of the highly paid professionals in US ?
the whole course duration from ASI is very long as per my info.
also the no. of students reaching the final level is very less.
is it true dat actuaries ppl are one of the highly paid professionals in US ?
Any actuarial course is very long let it be India ,US or Iraq
You will need to pass 15-16 papers to get that fellowship, and will need immense dedication and hardwork for the same!
And yes, actuaries are actually one of the highest paid people in USA. Infact Actuaries has ranked in top 2-3 jobs in USA for last 5 years in terms of job satisfaction.
Hello Guys, does anybody know, how long (how many years) does it normally take to get the fellowship from ASI. I'm planning directly to join ASI and not do the full time courses in the other institutes as I would like to continue working.
Right now I'm working as an Insurance agent, so will it help me in my career to study actuarial science?
My aptitude in Maths is quite good(above 85 in both 10 & +2). I have also done my BE in EEE.
i need some help ...
i would humbly like to state my command over maths...as its the second thing i dream of...
i got 92%in 10..(with 2 maths subjects)
but unfortunately due to some personal problems i got 66% in 12...
and currently an engg. student..
please guide me so that i can start clearing the actuarial papers as soon as possible...
CAREER OPPORTUNITIES FOR ACTUARIES
The actuaries work in wide range of areas which include the following :-
>>Life insurance
>>General insurance
>>Health insurance
>>Reinsurance Companies
>>Pension funds
>>Consultants
>>Investments
>>Government
>>Academics
>>Risk Management
Life, General, Health Insurance and Reinsurance Companies
Traditionally Actuaries work with Life Insurance Companies, but their importance lies equally in General and Health Insurance Companies also.
The areas of their concern include:
Product Design, which includes designing new policies as per the changing requirements of the customers,
Pricing the policy, ie. Setting the suitable premiums for the benefits and services offered by the company Profit Testing and distribution of profits among Shareholders and Policyholders.
Actuaries help the management of the company in running the business in sound financial manner and to take strategic decisions from time to time.
The Appointed Actuary of a Company has the responsibility of demonstrating financial stability of the company to the State Regulatory Authorities at all times.
Pension Funds
Designing a Scheme of Benefits to the Members of the Pension Scheme
Calculating the Past Service Cost and the Future Service Cost of Benefits
Certifying to the Regulator that the Fund Assets are sufficient to meet the liabilities and that the Assets are invested as per the Investment Pattern prescribed
Calculating and Certifying the Pension cost on Acquisitions and Merger of Companies
Investments
Quantifying the risk and the amount of investment returns available in the market
Projecting the market expected investment returns using scientific methods and judgment to project the inflation rates, returns on the various market segments - manufacturing, technology, pharma, etc.
Choosing an Investment Strategy which strike an appropriate balance between risk and returns
Analyzing and identifying the Opportunities for increasing the returns
Advising on the Investment Pattern to match the cash inflow and liability outgo for Insurance companies, pensions funds, banks, mutual funds, etc.
Consultants
Consultants can act as Appointed Actuaries for General Insurance companies
They also provide actuarial advice and their opinion on actuarial matters for Insurance Companies, Pension Funds, Government, etc.
They provide investment advice to individuals that best suit their needs and family circumstances.
They calculate the reversionary interests of members of Trusts.
Government
Population projections
Managing State Pension Schemes
Identifying the regional differences based on geographical location, life style, income level, diseases prevalent, common occupation, etc.
Regulatory role for Insurance Companies, Reinsurance Companies, Pension Funds
Their role is increasing in designing Social Security Schemes, allocation of funds for development projects
Risk Management
Fast Evolving field in recent days, for any massive project with lot of uncertainties.
Identifying the various stages in the project while execution
At each stage, identifying all the risk which may result in not meeting the expected outcome or estimated time
Assigning a probability parameter to each of the identified risks
Finding out a suitable measure to avoid or transfer those risks
Processing the above-identified stages to various steps after allowing for the risk measures.
The actuaries work in wide range of areas which include the following :-
>>Life insurance
>>General insurance
>>Health insurance
>>Reinsurance Companies
>>Pension funds
>>Consultants
>>Investments
>>Government
>>Academics
>>Risk Management
Life, General, Health Insurance and Reinsurance Companies
Traditionally Actuaries work with Life Insurance Companies, but their importance lies equally in General and Health Insurance Companies also.
The areas of their concern include:
Product Design, which includes designing new policies as per the changing requirements of the customers,
Pricing the policy, ie. Setting the suitable premiums for the benefits and services offered by the company Profit Testing and distribution of profits among Shareholders and Policyholders.
Actuaries help the management of the company in running the business in sound financial manner and to take strategic decisions from time to time.
The Appointed Actuary of a Company has the responsibility of demonstrating financial stability of the company to the State Regulatory Authorities at all times.
Pension Funds
Designing a Scheme of Benefits to the Members of the Pension Scheme
Calculating the Past Service Cost and the Future Service Cost of Benefits
Certifying to the Regulator that the Fund Assets are sufficient to meet the liabilities and that the Assets are invested as per the Investment Pattern prescribed
Calculating and Certifying the Pension cost on Acquisitions and Merger of Companies
Investments
Quantifying the risk and the amount of investment returns available in the market
Projecting the market expected investment returns using scientific methods and judgment to project the inflation rates, returns on the various market segments - manufacturing, technology, pharma, etc.
Choosing an Investment Strategy which strike an appropriate balance between risk and returns
Analyzing and identifying the Opportunities for increasing the returns
Advising on the Investment Pattern to match the cash inflow and liability outgo for Insurance companies, pensions funds, banks, mutual funds, etc.
Consultants
Consultants can act as Appointed Actuaries for General Insurance companies
They also provide actuarial advice and their opinion on actuarial matters for Insurance Companies, Pension Funds, Government, etc.
They provide investment advice to individuals that best suit their needs and family circumstances.
They calculate the reversionary interests of members of Trusts.
Government
Population projections
Managing State Pension Schemes
Identifying the regional differences based on geographical location, life style, income level, diseases prevalent, common occupation, etc.
Regulatory role for Insurance Companies, Reinsurance Companies, Pension Funds
Their role is increasing in designing Social Security Schemes, allocation of funds for development projects
Risk Management
Fast Evolving field in recent days, for any massive project with lot of uncertainties.
Identifying the various stages in the project while execution
At each stage, identifying all the risk which may result in not meeting the expected outcome or estimated time
Assigning a probability parameter to each of the identified risks
Finding out a suitable measure to avoid or transfer those risks
Processing the above-identified stages to various steps after allowing for the risk measures.
i need some help ...
i would humbly like to state my command over maths...as its the second thing i dream of...
i got 92%in 10..(with 2 maths subjects)
but unfortunately due to some personal problems i got 66% in 12...
and currently an engg. student..
please guide me so that i can start clearing the actuarial papers as soon as possible...
well ... u can visit this web site
Welcome to Institute of Actuaries of India
U can apply ... & start giving ur papers ...
if u have not completed ur engg. ... then u fulfill the criteria of passing 12 class ..
Hello Guys, does anybody know, how long (how many years) does it normally take to get the fellowship from ASI. I'm planning directly to join ASI and not do the full time courses in the other institutes as I would like to continue working.
Right now I'm working as an Insurance agent, so will it help me in my career to study actuarial science?
My aptitude in Maths is quite good(above 85 in both 10 & +2). I have also done my BE in EEE.
there is NO FIXED DURATION of actuaries course ....
U have to clear 16 papers to get fellowship ..
Exams are held twice a year ...
u can clear the papers ... & complete the course ..
ATB !!