Actuarial Science

Actuarial Science

INTRODUCTION

 

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries would know all about pricing, establishing the amount of liabilities, and setting capital requirements for uncertain future events.

 

SKILL SET

 

  • Problem Solving Skills 
  • Numerical Skills
  • Analytical Skills
  • Communication Skills
  • Strong Computer Skills
  • Business Sense

 

ELIGIBILITY

 

10+2 with English

 

APPLICATION PROCEDURE

 

  • Go to Link www.actuariesindia.org/
  • The entrance test for the same is by the name “ACET”
  • If an examinee passes the examination and subsequently applies for membership, their membership acceptance would be subject to production of attested true copies of certificates that would be subject to independent verification.
  • Once your membership is accepted and you receive the student membership ID, you can subscribe for the study material of your selected Core principle subjects online. You can then apply for the Regular Actuarial Examinations.

 

ACTUARIAL COMMON ENTRANCE TEST (ACET)

 

  • Computer based examination
  • 70 Multiple Choice Questions
  • Three  Hours Test
  • Held Twice in a year: December and June (month may vary)
  • 70 Questions of 100 marks
  • Distribution of Questions would be:

 

SYLLABUS -

 

Syllabus for ACET Examination will include the following

 

1) Mathematics- 30 Marks
2) Statistics- 30 marks
3) English- 15 marks
4) Data Interpretation- 15 marks
5) Logical Reasoning- 15 marks

 

  • The Pass mark for ACET Examination is 50%

 

WORK AREAS

 

 

Health and Care Insurance

Life Insurance

Enterprise Risk Management (ERM)

General Insurance (non-life or P&C)

Regulatory

Finance

Investment

Academics

Pensions & Other Employee Benefits

 

 

 

 

 

 

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