Expert: Sue Kayton - 7/4/2008

Question
Hey, may I know more details on Actuarial Science? Because I just briefly know the meaning of it and I feel very interested . Thanks lots

Answer
Actuaries are people who use math to evauate risk, such as deciding how much insurance companies should charge for insurance.  They look at statistics for deaths (for life insurance), car accidents (for car insurance), ship accidents (for boat insurance), etc.

Actuaries need a college degree, usually in math or statistics.  Then they work for a while as an actuary, and take an exam.  

Here are some links with more information about actuaries and actuarial science.

http://www.beanactuary.org/onthejob/ask/ask27.cfm

http://www.math.purdue.edu/academic/actuary/what.php?p=what

http://en.wikipedia.org/wiki/Actuary

http://www.math.uiuc.edu/ResearchAreas/ActuarialScience/actuary.html

http://www.beanactuary.org/about/whatis.cfm