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ACTUARY: Common Entrance Test(ACET) for Actuarial Exam December 2012- Registration closes on 24th October 2012

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Created on 27 March 2012 Published Date

The Institute of Actuaries would be conducting the common entrance test 2012 on 4th and 5th December 2012 in 41 centres in India. The registration for the exam shall close on 24th October 2012.

With a minimum of 10 +2 or even a maximum of PhD in Mathematics or Statistics or any other, Take Actuarial Common Entrance Test (ACET) on 4th & 5th December 2012 in 41 cities across India.  After clearing ACET become a student member of Institute of Actuaries of India and pass 15 papers to be part of this noble profession.   (Log on to http://www.actuariesindia.org/acet.html )

Actuary Science

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries.   It is a niche profession with strict standards for qualifying and is also a global profession as it is recognized in most countries.

The actuaries attract competitive salaries globally and it is consistently rated as one of the best jobs in America US News and World Report, the Jobs Rated Almanac, CNN Money, and others all agree: few other occupations offer the combination of benefits that an actuarial career can offer.  Actuaries balance their role in business management with responsibility for safeguarding the financial interests of the public. The duty of Actuaries to consider the public interest is illustrated by their legal responsibility for protecting the benefits promised by insurance companies and pension schemes. The professions code of conduct demands the highest standards of personal integrity from its members.

Actuaries are experts in assessing the financial impact of tomorrow's uncertain events or Risks. They enable financial decisions to be made with more confidence by:
· Analyzing the past
· Modelling the future
· Assessing the risks involved, and
· Communicating what the results mean in financial terms.

Actuaries work in the Insurance industry (Life, General, Health Insurance & Reinsurance), Private corporations, Consultants, the Government, Pension Funds, Banks and Investment companies, Risk Management, Banks, Colleges and Universities, Public Accounting firms.

Qualification and Skills required

Actuarial work is interdisciplinary and actuaries are engaged in creative problem solving and critical thinking on a daily basis, their analytic, mathematical, and intellectual abilities are continually stretched and tested. Actuarial work is smart, challenging, and creative faced with technical and intellectual challenges, influenced by outside forces such as current economic conditions, energy costs, legislation, judicial decisions, and technological innovations. It takes a combination of strong analytical skills, business knowledge, and understanding of human behavior to be a successful Actuary

Any person with minimum 18 years of age and having a high degree of aptitude for mathematics and statistics can take up this course and become an Actuary. The skills required by successful actuaries include an excellent business sense with knowledge of finance, accounting, and economics; keen analytical, project management, and problem solving skills; Math and Statistics knowledge; strong computer skills; and solid written and oral communication skills.

What sets actuaries apart from other professionals is their ability to learn and assimilate a wide range of information and communicate it effectively.

In a fast-changing world, with emerging risks, there are constant opportunities for personal and professional growth for Actuaries to come out with daring solutions and meet the challenges of change.

For more information log on the official website of the Institute of Actuaries of India www.acturiesindia.org .

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