Can you tell how mathematics can help actuarial science students and lead them to a career in the insurance industry?
Actuarial science is like CA. There's a society and you have to become its fellow and they strictly control the number of people who become actuaries so just mastering the subject which does not guarantee you being an actuary. This is exactly like CA. Expertise in mathematics is needed to even understand what is going on in actuarial science so what is done in actuarial science is essentially statics applied to a very specific problem so you have to understand broad maths, broad statistics and apply it to the problem of insurance. That is what actuarial science is about because the numbers are controlled, those who finally get through get fantastic salaries. Like CA those who didn't become CA but do various things which are related they continue to have a good future. Likewise, those who pursue actuarial science studies continue to have a good career.
Dr. Rajeeva Laxman Karandikar
Director ,Chennai Mathematical Institute
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