Q: What are the qualifications needed to be an Actuary or valuer in the insurance company? Please suggest details of institutions offering this study programme?
Q: Which institutions offer study programme to qualify as an Actuary or valuer in the insurance company?
A: An acturers skill comprises of analysis of problems in finance, risk management and product design. These skills are extensively used in the areas of insurance, pensions, investments, banking as well as in project management and health care. Career prospects are very bright with many insurance companies starting its operations in India.
Study programs:
University of Bombay offers a B.A or a B.Sc in Actuarial Sciences
University of Madras offers a M.Sc
Life Insurance Corporation (LIC) offers a 3 years apprentices scheme. For this, one needs to appear for an entrance exam conducted by the Actuarial Society of India or the Institute of Actuaries, London.
The admission requirements for undertaking the entrance examination is a first class in B.Com/M.com degree with statistics/actuarial sciences as major subjects.
For more information one can contact the Actuarial institute of India.
The Actuarial institute of India
9 Jeevan Udyog,
278 Dr. D.N. Road,
Mumbai- 400 001.