Funeral prayers for Nasser Mohammed Yousef Al Balushi and Abdul Aziz Saeed Sabt Al Tunaiji were held at Ajman mosque
Aspiring actuaries need to have a strong understanding of mathematics and business. You need an honours degree in Actuarial Science (or a subject with a high numerical content such as Mathematics or Economics) and specialist professional qualifications from the various accrediting bodies. The course study involves applying mathematics and statistical methods that are related to the business management and insurance problems. You will learn the practicalities of making informed decisions for businesses and individuals alike. An understanding of risk management is also developed along with mathematics and statistics as part of the course.Accrediting bodies
Institute and Faculty of Actuaries - UK
Canadian Institute of Actuaries - Canada
American Institute of Actuaries - USA
The core of actuarial work lies within pensions and insurance, where professionals are most likely to start off; however, later on in your career there are opportunities to move into other emerging fields such as investment, healthcare and administration. Actuarial trainees may begin work as trainee pension consultants or risk analysts while at the same time study for professional exams. Senior actuaries hold high positions as consultants to insurance, banking and other financial service organisations. For such positions however a master's study will be required at the minimum.
Continuing education
Graduates of a bachelor's degree programme in actuarial science can pass examinations and gain licensure through two separate organisations, the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). Many of the examinations given by the two organisations cover the same material. However, the SOA exams prepare actuaries for careers in life insurance, finance, investment and retirement systems, while the CAS exams prepare actuaries for careers in property insurance, medical malpractice and personal injury.
Funeral prayers for Nasser Mohammed Yousef Al Balushi and Abdul Aziz Saeed Sabt Al Tunaiji were held at Ajman mosque
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