How
to become an Actuarial Scientist in Kenya
To
be an Actuarial Scientist you need to register for a four year degree
course in Bachelor of Actuarial Science or Bachelor of Science
(Actuarial Science). You will need a KCSE mean grade C+ and be very
good in math and analytical skills.
Actuaries
deal with risk. They decide how likely things such as death,
sickness, injury, disability, and loss of property are to occur, as
well as the costs of these things. Actuaries also decide how much
money it will take in order to get a certain amount of retirement
income. They help design insurance policies and pension plans and try
to make sure that they are sound. Actuaries may need to explain their
findings to company executives, government officials, and the public.
They may also testify in court as an expert.
Most
actuaries work for insurance companies. Some work in life and health
insurance. Others work in property and casualty insurance. Actuaries
make tables that show how likely it is that a claim will be made by a
customer. They use these tables to decide how much the company will
have to pay in claims. They make sure that the company charges enough
to pay these claims. This amount must be enough for the company to
make a profit. It must also be in line with what other insurance
companies are charging.
Employers
include Insurance companies, financial institutions, pension funds,
banks risk department, consulting firms
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