Actuarial Science Universities In Ghana.
What is Actuarial Science?
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals who are qualified in this field through intense education and experience. In many countries, actuaries must demonstrate their competence by passing a series of thorough professional examinations.
Actuarial science includes a number of interrelated subjects, including probability, mathematics, statistics, finance, economics, financial economics, and computer programming. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes during the last 30 years due to the proliferation of high speed computers and the union of stochastic actuarial models with modern financial theory
Why Actuarial Science ?
Most actuaries love being an actuary because it allows them to use their talents and have a meaningful positive impact. As one actuary put it: “I like to think that I’m helping people. I’m helping them get good health care, I’m helping them protect themselves in old age. I’m creating economic growth.” But there are so many other great reasons to consider a career as an actuary:
- Top-Ranked. Actuary has consistently been rated one of the top jobs.
- Head start. Actuaries earn great starting salaries that can double within the first five years.
- Job security. Actuaries enjoy certainty in uncertain times. We’re always in demand as the world confronts risk.
- Impressive impact. Actuaries participate in high-level business decision-making and solve real problems in every industry.
- Life in balance. More than a fulfilling career, being an actuary allows you to maintain a low-stress, highly sought-after work/life balance.
Where An Actuary Work In Ghana ?
Anywhere risk is present.
The insurance industry can’t function without actuaries. We calculate their costs and determine the premiums for policyholders; and while we don’t forecast the weather, we can tell them how much they can expect to pay in claims after the next Florida hurricane.
Private corporations rely on our risk evaluation to frame their strategic management decisions. And because our judgment is highly valued, our career paths often lead to upper management and executive positions.
We’re also employed as consultants. Whether we’re part of a nationwide firm or an independent one-person practice, we help companies design pension and benefit plans, evaluate assets and liabilities, and stare down risk–all alongside top executives.
We work for the government too, helping manage its programs and overseeing public companies to ensure compliance with regulatory laws.
We also work for:
- Colleges and universities
- Banks and investment firms
- Public accounting firms
- Labor unions
- Rating bureaus
- Fraternal organizations
What are the Actuarial Science Universities In Ghana ?
Below are the actuarial Science universities in Ghana ;