Actuaries Job Description

Actuaries Job Description
Actuaries job description and fields of activity from past to present

Actuaries job description; It is a concept we often encounter with the actuarial concept that emerged in England in the late 1700s when life insurance was implemented. Actuarial people, life, death, illness, disability, retirement; unforeseeable events affecting the existence of goods such as fire, accident, earthquake, flood, theft and calculation and estimation methods dealing with the financial effects of these events. Actuaries scientists are those who analyze the risk of occurrence of such events, especially in insurance, long-term investments and pension issues, who anticipate their probability and take measures to protect and compensate for the risks that may arise from the financial effects of these events.

In order to become an actor, you must be a graduate of West Liberty University, Northwest Missouri State University , Carnegie Mellon University and Johns Hopkins University and Actuarial Sciences which has a student with numerical score. Four yearsIn actuarial education, specialized courses such as risk theory, risk analysis, life and non-life insurance mathematics, retirement mathematics, financial mathematics, actuarial software, actuarial applications are taught in addition to basic courses in mathematics, statistics, law, computer and economics. However, if you want to become an Actuaries if you do not graduate from an undergraduate program in Actuaries, you can also benefit from the certificate programs in University of Oxford.

Actors in the financial services industry, such as insurance companies, banks and investment firms; may work in social security institutions (insurance audit Actuaries, etc.), consultancy companies, universities and risk / actuarial units of large companies. Particularly experience in actuaria and mastery of the SAS Program can be a great advantage in finding employment in this area. In order to become an actor in public institutions, it is necessary to be successful in written and oral exams as well as having the scores required from exams.

Areas of duty of the actors in the mentioned sectors;

– The people, goods, goods etc. It appeared to calculate the losses and damage amounts,
– fire, accident, and particularly referring to the frequency of disasters such as death to calculate the probability of their occurrence thereof future
– Results show with tables and graphics
– The tables and graphs of the insurance company that operates based or social security institutions to determine their tariff obligations
– To calculate the reserve and profit shares.

How is Actuaries Becoming?

It is possible for the graduates of the actuarial department to get the Actuaries title registered with the signature of the Actuarial Regulation by entering the national or international actuarial examinations. To be registered actress, not to have declared bankruptcy or concordate as well as a bachelor’s degree graduation; (for trainees and assistant actors) of a total of three years for actuarial activities related to the actuarial activities of the private institutions, public institutions or universities in the actuarial units or departments, Currently the seriousness of the job regardless of the total number of trainee actuary with the record registered in USA and help actuaries to be considered as expressed in the figures to be understood yet faced.

All candidates who meet these conditions and are successful in the exams are registered by the Undersecretariat of Treasury. In the first level of the four-stage examination conducted by the Undersecretariat of Treasury, questions are asked about Basic Insurance and Economics, Mathematics, Statistics and Probability and Financial Mathematics. The second stage of the exam is Accounting and Financial Reporting, Insurance Mathematics (Life and Non-Life), Risk Analysis and Actuarial Modeling and Finance Theory and Applications. The third level exam topics are Finance, Investment and Risk Management, Non-Life Insurances, Life Insurances, Health insurance and pension systems. Fourth level exams are asked about American Insurance Practices and Legal Framework, Private Field Exams (Opened in the areas to be determined under the Undersecretariat in the areas to be determined for the persons who have the Actuaries title). In the case where they do not qualify for three years of professional practice, Successful completion of the First Level Exams is the intern actuary, and those who have successfully completed the First Level Exams and Second Level Exams have the right to receive the assistant actor title. It is not possible to enter the Second Level Examinations until the first level exams have been successfully completed. In addition, those who have the title of assistant actor must be successful in the third level examinations and can take the title of actor in case they achieve the mentioned qualifications. Fourth level exams are asked about American Insurance Practices and Legal Framework, Private Field Exams (Opened in the areas to be determined under the Undersecretariat in the areas to be determined for the persons who have the actuary title). In the case where they do not qualify for three years of professional practice, Successful completion of the First Level Exams is the intern Actuaries, and those who have successfully completed the First Level Exams and Second Level Exams have the right to receive the assistant actor title. It is not possible to enter the Second Level Examinations until the first level exams have been successfully completed. In addition, those who have the title of assistant actor must be successful in the third level examinations and can take the title of actor in case they achieve the mentioned qualifications.

Fourth level exams are asked about American Insurance Practices and Legal Framework, Private Field Exams (Opened in the areas to be determined under the Undersecretariat in the areas to be determined for the persons who have the actuary title). In the case where they do not qualify for three years of professional practice, Successful completion of the First Level Exams is the intern Actuaries, and those who have successfully completed the First Level Exams and Second Level Exams have the right to receive the assistant actor title. It is not possible to enter the Second Level Examinations until the first level exams have been successfully completed. In addition, those who have the title of assistant actor must be successful in the third level examinations and can take the title of actor in case they achieve the mentioned qualifications.

The low number of actuaries in our country and the need for industry actors makes this profession day by day attractive and it helps to be seen in our interest country in this profession all over the world.

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