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The new refrigerator being delivered to the apartment upstairs is covered by an extended warranty. What's the likelihood that the appliance will break down and a replacement is needed? Ask an actuary.
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Think Green, Think Actuary. We help companies understand climate change risks and potential liabilities brought about by changes in the environment.
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Read all about it. Actuaries are increasingly in the news as business leaders because our work is often impacted by current events. For example, recent natural disasters, world economic and financial crises, and healthcare are all topics where actuaries expertise is valued.
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Rising gasoline prices affect how often and how far people drive. Less driving means fewer accidents. We take all of that and much more into account when pricing your auto insurance.
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Planning to take your dog to the veterinarian? Actuaries have developed pet insurance products to help you manage the cost of keeping your furry friend healthy and happy.
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This Chief Risk Officer started her career as an actuary and now occupies an office in the C-Suite. An actuarial career will prepare you to grow professionally and can take you as far as you want to go.
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You should call your power company when the lights go out, but if you're running a business, you should also call your insurance company. Actuaries develop products like business interruption insurance to give businesses peace of mind if there's a power outage.

News

  • Scholarship

    2012-2013 Actuarial Foundation Scholarship Applications Now Being Accepted

    The Actuarial Foundation is now accepting scholarship applications for the 2012-2013 academic year. The Actuarial Foundation supports the future of the actuarial profession and fosters the best and brightest students through four major scholarships.
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  • ASNA Logo

    ASNA Winter 2012 Newsletter

    The Actuarial Students National Association, an organization for Canadian actuarial students, has released its Winter 2012 newsletter with a focus on giving an inside view to the non-traditional side of the actuarial world. Read the newsletter to learn about the Convention in Niagara, different areas of actuarial work and upcoming events.

     


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  • Group

    Actuary on List of Best Careers for 2012

    According to the career experts at Monster.com, Actuary is one of the best careers for 2012. They write, “Aside from being well-paying, these jobs – whose unemployment levels are lower than the current national average -- are expected to grow in demand in the coming years.” Read more at Monster.com.
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The Professional Life

Wherever there is risk, there are opportunities for actuaries. And the recent financial crisis has further highlighted the skills actuaries bring to the table. Watch this new Actuaries in Action video to hear what some of today's actuaries say about the future of the profession and the increasing demand for actuaries, especially in nontraditional roles.

Do The Math

Let T1 be the time between a car accident and reporting a claim to the insurance company. Let T2 be the time between the report of the claim and payment of the claim. The joint density function of T1 and T2, f(t1, t2), is constant over the region 0 < t1 < 6, 0< t2 < 6, t1 + t2 < 10, and zero otherwise. Determine E[T1 + T2], the expected time between a car accident and payment of the claim.

  1. 4.9
  2. 5.0
  3. 5.7
  4. 6.0
  5. 6.7

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