What is the scope of actuarial science in India?

manpreet Best Answer 2 years ago

In India, the scope of work of an Actuary is varied and interesting.Actuaries get employed in the fields of investment and risk management,finance, general insurance, life insurance, pension and social security . BPOs and Management Consultancy firms also keep actuaries.Day by day the demand of actuaries is increasing due to the increase in numbers of insurance companies. All the best.

manpreet 2 years ago

Actuarial Science aims to understand, identify and quantify all risks in the market for financial and non-financial aspects and make sense of future. Insurance industry use Actuarial professionals to assess both economical and non-economical risks to take informed decisions. Actuarial professional undertake research and their research outcomes become crucial ingredients in modelling emerging risks and uncertainties. It is one of highest paid and respected profession in Insurance industry. There is a general shortage of Actuarial professionals across the world. There is very good scope of Actuarial Science professions in India.