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What is actuarial science?

Actuarial science specializes in analysis and risk control and the effects of chance in all matters concerning insurance and pension plans.

Actuaries require a thorough grounding in economics, finance, demographics, computer science and law, in order to provide solutions adapted to specific, but constantly evolving issues.

Actuaries may be responsible for:

  • creating and evaluating the cost of new insurance policies
  • evaluating possible income assuming the likelihood of future events
  • analyzing and forecasting the financial results of pension plans
  • analyzing and forecasting the financial results of pension plans

About 80% of actuaries work in life insurance, as opposed to 20% in fire and casualty insurance.

Actuarial science is a profession that enjoys considerable stability through economic ups and downs. Every year, most of our students find jobs in their chosen field even before finishing their studies.