MA Statistics (Actuarial)

Master of Arts in Statistics (Actuarial)

M.A Statistics (Actuarial) or Master of Arts in Statistics (Actuarial) is a postgraduate Statistics course. Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. The Master of Arts in Statistics (Actuarial) course also includes probability and economics. Using appropriate Stochastic Models, simulation, and high-speed computing facilities it has become possible to construct various tables and determine the premiums of different types of insurance contracts, even in the presence of uncertainties prevailing to the risk factors.

The Master of Arts in Statistics (Actuarial) course provides basic concepts of statistics, mathematics, insurance and helps in acquiring analytical skills to pursue a profession in the financial sector. The Master of Arts in Statistics (Actuarial) course describes simple types of life insurance contracts and the technique of discounted cash flows for use in reserving and pricing simple life insurance contracts, such as whole life, term life, endowment insurances, and unit-linked contracts.

M.A Statistics (Actuarial) Eligibility

• Prospective students should have passed B.A in Statistics, B.A in Mathematics with statistics at the subsidiary level, B.A in Economics with Mathematics and statistics or any other equivalent qualification with a minimum of 50% aggregate marks.

M.A Statistics (Actuarial) Syllabus

Syllabus of Statistics (Actuarial) as prescribed by various Universities and Colleges.

M.A Statistics (Actuarial) College

• Savitribai Phule Pune University, Pune

M.A Statistics (Actuarial) Course Suitability

• The candidate should have good reasoning ability, persistence and the ability to apply principles to new types of problems.
• Students should possess a mathematical aptitude and be able to reason logically.
• Applicants should have intellectual creativity, patience & persistence, attention to detail, problem-solving skills, logic, and the ability to take decisions independently.

How is M.A Statistics (Actuarial) Course Beneficial?

• The Master of Arts in Statistics (Actuarial) program prepares students for actuarial careers by emphasizing the theory that underlies risk processes and the application of this theory to practical problems of insurance pricing and management.
• It also helps them learn material that is included in professional examinations.
• The Master of Arts in Statistics (Actuarial) course helps to impart the essential knowledge and train the students to be eligible to work in various insurance organizations and finance sectors and equip the students to appear for various examinations conducted by the actuarial societies in India and abroad and thus help them to pursue the actuarial profession.
• They can have research jobs such as working as wildlife statisticians which help to collect data on the various animal populations and try to design strategies to protect endangered species.

M.A Statistics (Actuarial) Employment Areas

• Banks
• Colleges & Universities
• Financing Agencies
• Stock Exchanges

M.A Statistics (Actuarial) Job Types

• Assistant Manager
• Business Analyst
• Benefits Assistant
• Contracts Co-ordinator
• Data Analyst
• Economic Analyst
• Insurance Agent
• Investment Analyst
• Information Analyst
• Mortgage Advisor
• New Business Administrator
• Pricing Analyst
• Pensions Analyst/Assistant
• Resourcing Administrator
• Surveyor