08 December 2008
Dear Sir, There is a course named as Actuary Course from The Institute Of Actuaries Of India. I would like to know how far will it be useful if i take up this course. I am doing my C.A.Final. I am willing to practice the proffession after i clear my C.a. So will i be able to earn more if i am an Actuary.I would like to know regarding the Scope of this course.
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
08 December 2008
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.
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