Actuary is developing profession for young commerce graduates whose duty is not just analyze the financial risk but to analyze the financial effect due to these risk. A person who analyzes the risk is also called actuary. As becoming actuary you can use your knowledge in finance sector to decrease the loss of businessman by telling the estimated amount of loss if any risk happens in future.
Today, we are seeing that risk of every business is increasing day by day. So, it is the demand of time that modern finance manager has to provide the service of actuary.
Sectors in which Actuary can be Selected
1. Insurance Sector
Insurance sector gives very good opportunity, if you have power to calculate the loss in advance due to happening of risk. Insurance companies calculates the value of premium on the basis of actuary's advance calculation not just for life insurance but all the insurance are covering on the basis of actuary's risk calculation.
2. Estimator in Business
Actuary is also appointed in every business as risk estimator. You study the provision for doubtful debts and general reserve. All the reserves and provisions are calculated on the advance estimations of actuary. Provision for doubtful debt is rate which is sufficient to cover if any loss will be happened due to default of our debtors.
3. Investment Consultant
Actuary is also good investment consultant. His maths is very good. His finance and accounting is very good. So, he can tell you better return on the investment at minimum risk.
Actuary Course in India
Like for becoming CA, you need the CA degree from ICAI govt. authority, you need Actuary degree from IAI. IAI means institute of actuaries of India.
Institute of Actuaries of India (IAI) is a statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation of profession of Actuaries in India. The provisions of the said Act have come into force from 10th day of November 2006, in terms of the notification dated 8th November 2006, issued by the Government of India in the Ministry of Finance, Department of Economic Affairs.
For more information, you can contact at
Today, we are seeing that risk of every business is increasing day by day. So, it is the demand of time that modern finance manager has to provide the service of actuary.
Sectors in which Actuary can be Selected
1. Insurance Sector
Insurance sector gives very good opportunity, if you have power to calculate the loss in advance due to happening of risk. Insurance companies calculates the value of premium on the basis of actuary's advance calculation not just for life insurance but all the insurance are covering on the basis of actuary's risk calculation.
2. Estimator in Business
Actuary is also appointed in every business as risk estimator. You study the provision for doubtful debts and general reserve. All the reserves and provisions are calculated on the advance estimations of actuary. Provision for doubtful debt is rate which is sufficient to cover if any loss will be happened due to default of our debtors.
3. Investment Consultant
Actuary is also good investment consultant. His maths is very good. His finance and accounting is very good. So, he can tell you better return on the investment at minimum risk.
Actuary Course in India
Like for becoming CA, you need the CA degree from ICAI govt. authority, you need Actuary degree from IAI. IAI means institute of actuaries of India.
Institute of Actuaries of India (IAI) is a statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation of profession of Actuaries in India. The provisions of the said Act have come into force from 10th day of November 2006, in terms of the notification dated 8th November 2006, issued by the Government of India in the Ministry of Finance, Department of Economic Affairs.
For more information, you can contact at
302, Indian Globe Chambers,
142, Fort Street, Off D N Road, Mumbai - 400 001
Boardline: +91 - 22 - 67843333
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