Theory to Business Success
As you study actuarial science, have you ever dwelled on these questions? What do actuaries do in the real world? How are actuarial theories applied to business? You learn theories in school and by preparing for actuarial exams, but what other knowledge is required for accomplishing real tasks? What is the path to success?
In this seminar, you will get a glimpse of what actuaries really do through examples of work they carry out frequently: loss reserving and ratemaking. Both examples illustrate the crucial role of business acumen in applying theory to every step of actuarial analysis, all the way from data gathering to communicating results. Furthermore, you will also learn some of the resources for gaining business perspective in related areas such as underwriting, claims handling and data warehousing.