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An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. The name of the corresponding field is actuarial science which covers rigorous mathematical calculations in areas of life expectancy and life insurance. These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms.
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty and life expectancy.
Harald Cramér was a Swedish mathematician, actuary, and statistician, specializing in mathematical statistics and probabilistic number theory. John Kingman described him as "one of the giants of statistical theory".
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.
The Casualty Actuarial Society (CAS) is a professional society of actuaries in North America specializing in property and casualty insurance.
The Institute of Actuaries was one of the two professional bodies which represented actuaries in the United Kingdom. The institute was based in England, while the other body, the Faculty of Actuaries, was based in Scotland. While the Institute and Faculty of Actuaries were separate institutions, they worked very closely together, and their professional qualifications and actuarial standards were identical. On 25 May 2010, voting members of the institute who took part in a ballot voted to merge the institute with the faculty, thus creating the Institute and Faculty of Actuaries, which came into being on 1 August 2010. The Institute of Actuaries ceased to exist on that date.
Steven Haberman is Director and Deputy Dean in Cass Business School, Professor of Actuarial Science in its Faculty of Actuarial Science and Insurance and is Founding Editor of the Journal of Pension, Economics and Finance.
The Faculty of Actuaries in Scotland was the professional body representing actuaries in Scotland. The Faculty of Actuaries was one of two actuarial bodies in the UK, the other was the Institute of Actuaries, which was a separate body in England, Wales and Northern Ireland. While the Faculty of Actuaries and the Institute of Actuaries were separate institutions, they worked very closely together, and the professional qualifications and professional standards for actuaries were identical in each of them. On 25 May 2010, voting members of the Faculty who took part in a ballot voted to merge the Faculty with the Institute of Actuaries, thus creating the Institute and Faculty of Actuaries which came into being on 1 August 2010, superseding the Faculty of Actuaries which ceased to exist on that date.
The Czech Society of Actuaries is the association of actuaries in Czechia. It aims to promote education and research in actuarial science and to mediate social and professional contacts among actuaries.
Sir Richard William Blundell CBE FBA is a British economist and econometrician.
Philip Booth is a British economist. He is Dean of the Faculty of Education, Humanities and Social Sciences at St Mary's University, Twickenham, and Senior Academic Fellow at the Institute of Economic Affairs. His primary areas of research and writing are social insurance, financial regulation and Catholic social teaching.
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.
Rogemar Sombong Mamon, is a Canadian mathematician, quant, and academic. He is a co-editor of the IMA Journal of Management Mathematics published by Oxford University Press since 2009.
Erling Sverdrup was a Norwegian statistician and actuarial mathematician. He played an instrumental role in building up and modernising the fields of mathematical statistics and actuarial science in Norway, primarily at the Department of Mathematics at the University of Oslo but also via his links to Statistics Norway.
James Waterman Glover was an American mathematician, statistician, and actuary.
Patrick L. Brockett is an endowed Chaired Professor within the Information, Risk and Operations Management, Finance, and Mathematics departments at The University of Texas at Austin. He is the Director of the Risk Management and Insurance Program, Director for the Center of Risk Management and Insurance, and Director for the Minor/Certificate in Risk Management Program. He is also an Affiliated Faculty Member in the University of Texas- Austin Division of Statistics & Scientific Computation. He is known for his research in statistics, probability, actuarial science, quantitative methods in business and social sciences, and risk and insurance. The American Risk and Insurance Association (ARIA) endowed and named a research award in his honor: The Patrick Brockett & Arnold Shapiro Actuarial Research Award, awarded to the actuarial journal article that makes the best contribution of interest to ARIA risk management and insurance researchers.
Hugh Herbert Wolfenden was a Canadian actuary and statistician, known primarily as a scholar and historian of the statistical research of Erastus L. De Forest.
Robert Henderson was a Canadian-American mathematician and actuary.
Mary Rosalyn Hardy is a professor of actuarial science at the University of Waterloo (Canada). She pioneered, together with Julia Wirch, the development and application of the conditional tail expectation (CTE).
Elias Sai Wan Shiu is a Professor of Actuarial Mathematics at the University of Iowa, and an internationally renowned actuarial scientist.
References
- 1 2 3 4 "Verrall appointed to pro vice chancellor at City University" Royal Statistical Society RSSeNews. Retrieved on 28 May 2013.
- 1 2 "Personal Injury and Wrongful Death Damages Calculations" John O. Ward & Robert J. Thornton, eds.
- ↑ "NAAJ Editorial Board" Society of Actuaries. Retrieved on 28 May 2013.
- ↑ "Insurance: Mathematics and Economics Editorial Board" Elsevier. Retrieved on 28 May 2013.
- ↑ "Peer Review College Membership List" Economic and Social Research Council. Retrieved on 28 May 2013.
- ↑ "Honorary Fellows up to 2011" Institute and Faculty of Actuaries. Retrieved on 28 May 2013.
- ↑ "Unknown".[ permanent dead link ]