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Actuarial Sciences
Actuary
What is an Actuary?
An actuary is a person with a unique blend of mathematics statistical and business skills, who is involved in the security of long-term financial arrangements. Actuaries are usually active in the fields of business management, life assurance, investment, retirement provision, product development, healthcare provisioning, short term insurance, banking, and marketing.
To become an actuary, one needs exceptional mathematical ability, an interest in business and truckloads of perseverance to qualify, as the course is long and very difficult. Aspiring actuaries may follow a university programme accredited with the Actuarial Society of South Africa. After they have graduated, they usually start working while completing the final examinations and gaining practical experience required to qualify as an actuary.
Actuaries make a difference to the lives of individuals and society by making financial sense of the future, using probabilities and financial methods.
While other professionals ensure that the financial books of the past are in order, actuaries ensure that the financial books of the future will be in order. The actuary’s work enables individuals and companies to safeguard their future at an affordable price.
The actuarial career journey:
Content provided by the Actuarial Society of South Africa.
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