Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. Actuaries are professionals who are qualified in this field through education and experience. In Pakistan, India, the United States, Canada, the United Kingdom, and several other countries, actuaries must demonstrate their competence by passing a series of rigorous professional examinations through Professional Bodies. Their are many Bodies but Institute of Actuaries (UK) and Society of Actuaries (USA) are the major bodies.... All other bodies are associated with them....
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