Actuarial Science applies mathematical‚ statistical‚ financial an economic theory to solve real problems arising in applied subjects such as commerce‚ governments‚ insurance and banking‚ typically involving risk‚ uncertainty‚ and the financial impact of certain events. The BSc in Actuarial Science and Mathematics is accredited by the Institute and Faculty of Actuaries. The course gives a firm foundation in Mathematics‚ together with specialist course units in Actuarial Science whilst giving you
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UNIVERSITY OF CAPE TOWN NOVEMBER 2009 EXAMINATIONS INTRODUCTION TO ACTUARIAL SCIENCE (BUS1003H) Time allowed: 2 hours Total marks: 70 INSTRUCTIONS • Answer all questions • You must show your working in full in all questions • Approved calculators may be used‚ but all memories and user-supplied programmes must be cleared before you begin the examination. • Some tables are provided. • For each of the
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used as the bases for calculating estimated insurance premiums or monthly retirement annuities. When used by expert witnesses‚ actuarial tables are acceptable evidence to show life expectancy. Juries may award damages(money) to plaintiffs (person who is suing the defendant) for compromised life expectancy resulting from the alleged crime of the defendant. An actuarial valuation is a type of appraisal (official valuation) which requires making economic and demographic (structure of population)
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history captivating‚ and so‚ I applied to study in the UK. I do not foresee a problem with language as I receive education with the English language as the medium‚ and I have passed the GCE O? level English examination. I choose to study Actuarial Science as I plan and desire to be an actuary. Furthermore‚ I believe that I can excel in this area of studies as well as in this profession. Mathematics has always been one of my strongest and favourite subjects‚ and I have attained consistent good
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CT4 - Models 2000 5000 5 CT5 - General Insurance‚ Life and Health Contingencies 2000 5000 6 CT6 - Statistical Methods 2000 5000 7 CT7 - Business Economics 2000 5000 8 CT8 - Financial Economics 2000 5000 9 CA1 - Actuarial Risk Management 6000 15000 Specialist Technical Stage (ST) 10 ST1 - Health and Care Insurance 3200 8000 11 ST2 - Life Insurance 3200 8000 12 ST4 - Pension and Other Employee Benefits 3200 8000 13 ST5 - Finance
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Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. Actuariesare professionals who are qualified in this field through education and experience. In many countries‚ actuaries must demonstrate their competence by passing a series of rigorous professional examinations. Actuarial science includes a number of interrelating subjects‚ including probability‚ mathematics‚ statistics‚ finance‚ economics‚ financial economics
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logical disposition. It seems fitting then‚ that the subject has continued to enthral me over all these years‚ particularly as I learnt to appreciate its growing practical relevance and universal applicability. I have decided to pursue a career in Actuarial Sciences to utilize my knowledge in the field of Mathematics. I have found probability and statistics to be my areas of core interest; the ability to analyse information and predict the possibility of an occurrence being the most fascinating aspect
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Our group‚ “The Super Six” focussed our research on the problem of ethics and actuarial science. As Sholom Feldblum states “The actuary has a dual role: an objective professional providing guidance on insurance issues and a business manager promoting the goals of an insurance company” (Sholom Feldblum‚ pg.1). The purpose of our research was to determine the most common ethical problems an actuary faces‚ and the most appropriate methods to solve these problems. Solutions were necessary so that our
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Accounts preparation & Regulation of Investment (IC 46) (i.e. two compulsory subjects at Associateship Level) At Fellowship Examination In addition to above 4 compulsory subjects i.e. (Two at Licentiate and Two at Associateship Level) one Actuarial Subject (i.e. any one paper from Subjects No. 28/
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papers in total. After passing all nine of the exams‚ they will achieve associateship. In actuarial science‚ we will have the opportunity to work as an actuary while completing the examination process. Employers often allow study time during working hours‚ pay exam fees‚ and provide internships. Many companies which employ actuaries have automatic pay raises or promotions when exams are passed. As a result‚ actuarial
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