Registrations for Actuarial Common Entrance Test Begin at Institute of Actuaries of India (IAI)
News Desk, News Nation 360 : Institute of Actuaries of India (IAI) is a statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation and development of the profession of Actuaries in India. Actuarial science is a discipline that applies mathematical and statistical techniques to Price, Value and assesses risks in multiple areas such as insurance, pensions, banking and other enterprises. It is often said that Actuaries Make Financial Sense of the Future. To become a student Member of IAI, one needs to first clear the ACET (Actuarial Common Entrance Test) conducted by the IAI, which is a computer-based objective test available to students after passing 10+2 examinations. Once the student clears the ACET, he/she can start taking actuarial examinations at his/her own pace. Examinations are held twice a year by IAI. For more details, one can log on to www.actuariesindia.org. Sunil Sharma, President, Institute of Actuaries of India said that the scope and role of Actuaries have increased considerably over a period of time; there is an ever-increasing need of professionally trained actuaries. Actuarial skills can be used across all financial services and students may also look at the opportunities beyond insurance in the area of Banking, Investments, Data Science & analytics. As per Actuaries Act, 2006 an Actuary in India is a Fellow Member of IAI.
Report : Anustup Kundu