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Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals trained in this discipline. In many countries, actuaries must demonstrate their competence by passing a series of rigorous professional examinations.
The International Actuarial Association (IAA) is a worldwide association of local professional actuarial associations.
The Society of Actuaries (SOA) is a global professional organization for actuaries. It was founded in 1949 as the merger of two major actuarial organizations in the United States: the Actuarial Society of America and the American Institute of Actuaries. It is a full member organization of the International Actuarial Association.
EA is an acronym for Electronic Arts, an American video game company.
Christopher Daykin CB was the Government Actuary and head of the United Kingdom Government Actuary’s Department (GAD) from 1989 to 2007 where he worked on social security, pension fund consultancy,national pension policy, population projections, risk management and pension reform. He is the second longest holder of the post.
The Actuarial Association of Europe (AAE) was established in 1978 as Groupe Consultatif des Associations d'Actuaires des Pays des Communautés Européennes (GC), renamed to Groupe Consultatif Actuariel Européen in 2002, and given its present name on January 1, 2014.
The American Academy of Actuaries, also known as the Academy, is the body that represents and unites United States actuaries in all practice areas. Established in 1965, the Academy serves as the profession’s voice on public policy and professionalism issues.
The Institute of Actuaries of India is the sole professional body of [actuary|actuaries] in India. It was formed in September 1944 by the conversion of the Actuarial Society of India into a body corporate by virtue of the Actuaries Act, 2006.
The Czech Society of Actuaries is the association of actuaries in the Czech Republic. It aims to promote education and research in actuarial science and to mediate social and professional contacts among actuaries.
The Institute of Actuaries is the association of actuaries in France. The Institute was created in 2001 by a merger of the Institute of Actuaries of France and the French Federation of Actuaries. The Institute is a full member of the International Actuarial Association and the Groupe Consultatif. As of 2012, it has about 3 000 full members. Current president of the Institute is Thomas Behar.
The Colombian Association of Actuaries is the professional association of actuaries in Colombia. The Association was formed on 17 June 1970. It is a full member of the International Actuarial Association. The current president of the Association is Andrés Vesga.
The Benktander type I distribution is one of two distributions introduced by Gunnar Benktander (1970) to model heavy-tailed losses commonly found in non-life/casualty actuarial science, using various forms of mean excess functions. The distribution of the first type is "close" to the log-normal distribution.
The Benktander type II distribution, also called the Benktander distribution of the second kind, is one of two distributions introduced by Gunnar Benktander (1970) to model heavy-tailed losses commonly found in non-life/casualty actuarial science, using various forms of mean excess functions. This distribution is "close" to the Weibull distribution.
The Wilkie investment model, often just called Wilkie model, is a stochastic asset model developed by A. D. Wilkie that describes the behavior of various economics factors as stochastic time series. These time series are generated by autoregressive models. The main factor of the model which influences all asset prices is the consumer price index. The model is mainly in use for actuarial work and asset liability management. Because of the stochastic properties of that model it is mainly combined with Monte Carlo methods.
The actuarial credentialing and exam process usually requires passing a rigorous series of professional examinations, most often taking several years in total, before one can become recognized as a credentialed actuary. In some countries, such as Denmark, most study takes place in a university setting. In others, such as the U.S., most study takes place during employment through a series of examinations. In the UK, and countries based on its process, there is a hybrid university-exam structure.
