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Life actuaries, which includes health and pension actuaries, primarily deal with mortality risk, morbidity risk, and investment risk. Products prominent in their work include life insurance, annuities, pensions, short and long term disability insurance, health insurance, health savings accounts, and long-term care insurance. [18]
William Morgan is often considered the father of modern actuarial science for his work in the field in the 1780s and 90s. Many other life insurance companies and pension funds were created over the following 200 years. Equitable Life was the first to use the word "actuary" for its chief executive officer in 1762. [22]
As a global organization, the SOA represents actuaries from all major areas of practice, including life and health insurance, retirement and pensions, investment and finance, enterprise risk management, and general insurance (property and casualty) insurance. [4] The Casualty Actuarial Society also represents actuaries working with property and ...
Actuaries work in a number of insurance disciplines, which may be classified as life, health, pensions, annuities, and asset management, social welfare programs, property, casualty, liability, general insurance and reinsurance.
Actuaries work in a number of different practice areas: enterprise risk management, finance and investment, general insurance, health and care, life insurance and pensions. Each of these areas is supported by an executive committee which oversees the development of knowledge and research within its own area, provides members with CPD ...
In the U.S., for life, health, and pension actuaries, exams are given by the Society of Actuaries, while for property-casualty actuaries the exams are administered by the Casualty Actuarial Society. To sign certain statements of actuarial opinion, however, American actuaries must be members of the American Academy of Actuaries.
In this podcast, Motley Fool analyst David Meier and host Mary Long discuss: Okta's earnings and the future of logging in.. Salesforce's AI-driven future.. Marc Benioff's ability to turn vision ...
Actuarial science – discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. What type of thing is actuarial science? [ edit ]