Applications of Actuarial Science

Its applications are found in various fields of the financial sector such as Life insurance, Casualty insurance, Property insurance, Health insurance, Reinsurance; Calculation of Pension and other retirement benefits, Asset Valuation, Liability Valuation; Pricing of Shares, Bonds and their Derivatives; Risk Assessment, Risk Management and so on.

In United States, United Kingdom and some developed countries Pricing of Products and Services is often done with the help of Actuarial Science.

World over, fair derivative prices are determined by actuaries using complex mathematical models. The latest application of Actuarial Science is found in Financial Risk Management. In fact, actuaries are the experts in assessing the financial impact or financial risks of future uncertainties. Late Professor G. S. Diwan, an eminent Indian actuary and educationist, used to say: "Wherever there is uncertainty, there is scope for actuarial science".

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We are delighted to announce one more alumnus to qualify as Fellow of Institute of Actuaries of India in March 2017: Divya Dadlani. Congratulations to Divya and Team DSACtEd!
Hearty Congratulations to our T. Y. B. Sc. student: DIVYAM SANKHARVA FOR Heading the PASS LIST of CT8 examination held by Institute of Actuaries of India in September, 2016
Congratulations to all our students for putting up a good show at IAI exam. held in March, 2017
We are proud to announce successes of our alumni at the April, 2016 examination held by Institute of Actuaries of India:-Shilpi Jain has qualified as Fellow Actuary Krupa Shah has topped Pass list of ST4 Rushabh Shah has topped ST6 Pass List. Hearty Congratulations to all of them and many others who passed in various subjects!!!
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