ACSC 533 Study Guide - Final Guide: Old Age Security, Mathematical Finance, Disability Insurance
31 Mar 2018
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Document Summary
An actuary has a deep knowledge of at least one area of practice. Eg. the soa requires completion of all the prequalification requirements for one area, with choices of: Corporate finance and erm (enterprise risk and management) Areas of practice are traditional or non-traditional, depending on a frame of reference. Non-traditional institutions include: utilities, energy, government and education. Expansion into these and other markets provides more career opportunities for actuaries and contributes to a stronger, broader and more widely recognized profession. Nick blitterswyk - non-traditional route: founded urban green energy, a renewable energy technology company that specialised in small-scale wind turbines. An entity that provides financial security products to its members in order to reduce/eliminate financial insecurity. They provide products that encompass life insurance, property and casualty insurance, etc. , and nontraditional forms like warranties. Financial insecurity is caused by economic loss, or uncertainty regarding future income.
