Actuarial Science: Exam, Eligibility, Pattern & More| Scope| Details in Malayalam

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Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment 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 focused in fields such as probability and predictive analysis.
Actuarial science includes a number of interrelated subjects, including mathematics, probability theory, statistics, finance, economics, financial accounting and computer science. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes since the 1980s due to the proliferation of high speed computers and the union of stochastic actuarial models with modern financial theory.[1]
Many universities have undergraduate and graduate degree programs in actuarial science. In 2010,[needs update] a study published by job search website CareerCast ranked actuary as the #1 job in the United States.[2] The study used five key criteria to rank jobs: environment, income, employment outlook, physical demands, and stress. In 2024, U.S. News & World Report ranked actuary as the third-best job in the business sector and the eighth-best job in STEM.[3]
There are various career opportunities in the field of Actuarial Science such as Actuaries, Accounta... Read more at: https://www.careers360.com/courses/ac...
acet@actuariesindia.org
"Actuarial Common Entrance Test" is applicable to the candidates who plan to enroll as student member of the Institute of Actuaries of India and wish to take actuarial examinations.
Eligibility Criteria:-
Any candidate studying for
• Students who have appeared 10+2 or an equivalent examination and waiting for the result.
• A candidate who have passed 10+2 or any other higher courses/examinations.
• Diploma.
• Finance, or any other stream, but you have love for Mathematics and skills in Numeracy.
• Mathematical Sciences: Maths, Statistics, Econometrics or any other.
• Engineering.
• Management.
• Chartered Accountant, Cost Accountant or a Company Secretary.
WHAT IS OASIS
OASIS is the first Actuarial Science Olympiad organized by the Institute of Actuaries of India (IAI), statutory body under an Act of Parliament. OASIS will test the theoretical concepts and practical applications to develop critical thinking capabilities among students. OASIS also aims to develop Higher Order Thinking Skills (HOTS) amongst students. Statistics, Data Science, Commercial Mathematics, Calculus and Modelling are some critical topics covered in OASIS.
WHY PARTICIPATE IN OASIS?
• Encourage and enable statistical and mathematical thinking
• Foster problem solving and decision making
• Focus on Conceptual Learning
• Exciting cash prizes for Pre OASIS & OASIS
• IAI membership & scholarship for OASIS students

VISION BEHIND OASIS
OASIS is one of the paramount initiatives of IAI 2.0. To reach out to the generation Z, to empower generation Z to take informed decision about their career, to attract bright minds to the profession, IAI Council decided has decided to launch this Actuarial Science Olympiad.
OASIS is designed to test the theoretical concepts and practical applications of Commercial Mathematic, Calculus, Statistics, Modelling and Data Science taught to the students from Class 9 to Class 12. It aims to develop critical thinking capabilities and Higher Order Analytical Skills. It will be divided into two phases- Pre- OASIS Examination for students from Class 9& 10 & OASIS Examination for students of Class 11& 12. OASIS is the gateway to plethora of opportunities for learning & growing in fields like Insurance, Banking, Finance, Energy, Environment & Social Science, Risk Management and Corporate Risk Governance to name a few. I would like to open this doorway for Generation Z & welcome you all to participate in our Olympiad & explore the possibilities of the world of Actuarial Science.