Information about Actuarial Science? What is the scope of it? Suggest good institutes for the same in Chennai.

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Hi aspirant,

Actuarial Science:

This science deals with statistical and mathematical techniques to estimate risks in finance and insurance industries.t deals particularly with the education of financial management and insurance risks of insurance companies and it involves the application of economic, statistical and mathematical analysis to a wide range of decision making process in management, financial planning, investment and insurance.

The institutes which offer courses in this field are:-
-Amity School of Insurance and Actuarial Science
-Bishop Herber College
-College Of Insurance, Mumbai
-College of Vocational Studies, Delhi University
-RNIS College of Insurance, New Delhi
-University of Mumbai, Mumbai
-Aligarh Muslim University, Aligarh
-Annamalai University, Tamil Nadu
-Birla Institute of Management Technology, New Delhi
-University of Madras, Chennai
-University of Kalyani, West Bengal
-Berhampur University, Orissa
-DS Actuarial Education Services, Mumbai
-Goa University, Goa
-Kurukshetra University, Kurukshetra
-Gurunanak Dev University, Amritsar
-Andhra University, Visakhapatnam
-Directorate of Distance Education, Alagappa University
-Ernakulam Insurance Institute
-Kalyani University
-The National Insurance Academy
-Tolani Institute of Management Studies

Actuarial science provides you to pursue any under graduate course in this field, but before that you have to complete their 12th with Mathematics from a recognized board. If you have completed undergraduate course in the related stream then you can pursue any post graduation course in this sector. The minimum marks required will vary according to the universities.

A few entrance exams are:-
Aligarh Muslim University Actuarial Science entrance exam
IGNOU Actuarial Science entrance exam
Annamalai University Actuarial science entrance exam
AMITY School of Insurance and Actuarial Science entrance exam
Birla Institute of Management Technology entrance exam
University of Delhi entrance exam, etc.

The profession of actuarial science is developing since its scope is spread widely particularly in foreign countries.
You can get employment opportunities in various sectors like:-
-Health Insurance
-Vehicle Insurance
-Life Insurance
-Employee Retirement and Benefit Plans
-General Insurances
-Investment and Financial Services
-Banks
-Project Management
-Hospitals
-Health care sectors
-Education sectors
-BPO
-Investment firms
-Risk Management
-Rating Agencies

The major recruiters are:-
-Bajaj Allianz
-Cholamandalam GIC
-HDFC Chhub GIC Limited
-ICICI Lombard General Insurance Company Limited
-IFFCO-TOKIO General Insurance Company Limited
-National Insurance Corporation
-Oriental Insurance
-Reliance GIF
-Royal Sundaram GIC
-TATA AIG

ALL THE BEST