Career Choice » Insurance » Introduction Introduction
In the world of uncertainty Insurance sector is the one you can fall back. This sector has grown very fast in the recent times. With liberalization many foreign company has entered in India and do aggressive marking with wide rage of products that suite everybody's pocket. These companies look for young and energetic youngsters who can bring new clients to them and thus the opportunity in this sector is high. Today this sector demands specialist with proper training in insurance. Keeping this in mind numerous colleges and institutes offer various course to feed the increasing demand in the market. Actuary is the field that manages the insurance it involves accurate calculation of the premium with understanding of the long tenure of the insurance periodThe Actuarial Society of India (ASI), the only professional body of Actuaries in India was formed in 1944 and was admitted as a member of the International Actuarial Association (IAA), an umbrella organization to all actuarial bodies across the world, in 1979. It was registered in 1982 under registration of Literacy, Scientific and Charitable Societies Act XIII of 1960. Its objectives include the advancement of Actuarial profession in India, providing opportunities for interaction among members of the profession, facilitating research, arranging lectures on relevant subjects and providing facilities and Guidance to those studying for the professional Actuarial Examination. The Institute of Actuaries Of India (IAI or formally ASI) was initially started as a non-examining body when Actuaries used to get qualified from Institute of Actuaries or Faculty of Actuaries of UK. The Institute of Actuaries of India started conducting Entrance Examinations in India for students of Institute of Actuaries, UK, in 1975. In 1989, it started conducting examinations for its Indian qualification up to Associate ship level, and in 1992, it started conducting Fellowship level exams. The IAI has been following the UK pattern of examinations since November 2000 with an eye to be a part of global standards set by the International Actuarial Association (IAA).
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